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

April 18, 2012 7:58 AM EDT Send to a Friend
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.




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