Qualcomm (QCOM) Tops Q3 EPS by 19c; Issues Q4 Outlook

Qualcomm (NASDAQ: QCOM) reported Q3 EPS of $1.16, $0.19 better than the analyst estimate of $0.97. Revenue was $5.6 billion, versus the consensus of $5.58 billion.

“Our fiscal second quarter results were driven by stronger than expected performance across our chipset and licensing businesses,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “We are pleased with our continued progress in the licensing business, including the recent conclusion of new license agreements in China and the resolution of our dispute with LG Electronics. We are continuing to build momentum into the second half of our fiscal 2016 with traction for our Snapdragon processors in the premium and high tiers and strong execution of our strategic realignment plan.”

The company sees Q4 revenue of $5.4 - $6.2 billion and EPS of $1.05 - $1.15. The Street sees Q4 revenue of $5.7 billion and EPS of $1.08.

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

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