Qualcomm (QCOM) Weak into Q2 Numbers Following Intel (INTC), IBM (IBM) Reports

Article Stock Quotes (3) Comments (0)

Following what would appear to be solid reports from IBM (NYSE: IBM) and Intel (Nasdaq: INTC) after the market closed Tuesday, peer Qualcomm, Inc. (Nasdaq: QCOM) is showing some pre-market weakness Wednesday morning ahead of its own earnings report.

Expected out after the market closes, the Street is looking for Qualcomm to report second-quarter earnings of 95 cents per share on revenue of $4.82 billion. The estimates compare with EPS of 86 cents and revs of $3.87 billion posted in the same period last year.

Shares of Qualcomm are off about 0.3 percent Wednesday morning. Will investors also sell the news on anything but an exceptional report?

For more on IBM's results, click here. Or click here for more color on Intel.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Applied Materials, Inc. (AMAT) Tops Q2 EPS by 3c, Offers Guidance
• UPDATE: Student Loan Rates Set for Change; ITT (ESI) & Corinthian (COCO) on Move
• UPDATE: Tesoro Corporation (TSO) May Take Ownership of BP Carson in Early June - Reuters

Create E-mail Alert Related Categories

Insiders' Blog, Trader Talk

Related Entities

Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?