UPDATE: Qualcomm (QCOM) Tops Q4 EPS by 15c; Issues Q1 Outlook

November 2, 2016 4:03 PM EDT
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(Updated - November 2, 2016 4:05 PM EDT)

Qualcomm (NASDAQ: QCOM) reported Q4 EPS of $1.28, $0.15 better than the analyst estimate of $1.13. Revenue was $6.2 billion, versus $5.84 billion expected.

“Our fiscal fourth quarter EPS was above the high end of our expectations, reflecting new license agreements in China and strong chipset shipments,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “We are forecasting continued growth of global 3G/4G device shipments in calendar year 2017, led by growing demand in emerging regions. We are well positioned to extend our mobile technology leadership and footprint into attractive growth opportunities, accelerated by our recently announced agreement to acquire NXP.”

GUIDANCE:

Qualcomm sees Q1 2017 EPS of $1.12-$1.22, versus the consensus of $1.22. Qualcomm sees Q1 2017 revenue of $5.7-6.5 billion, versus the consensus of $6.15 billion.

For earnings history and earnings-related data on Qualcomm (QCOM) click here.



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