Qualcomm, Inc. (QCOM) Tops Q2 EPS by 9c; Guides Q3 to Low-Side of Consensus

Qualcomm, Inc. (NASDAQ: QCOM) reported Q2 EPS of $1.31, $0.09 better than the analyst estimate of $1.22. Revenue for the quarter came in at $6.37 billion versus the consensus estimate of $6.48 billion.

Highlights:

• MSM™ chip shipments: 188 million units, up 9 percent y-o-y and down 12 percent sequentially.
• December quarter total reported device sales: approximately $66.5 billion, up 9 percent y-o-y and 8 percent sequentially.
  • December quarter estimated 3G/4G device shipments: approximately 295 to 299 million units, at an estimated average selling price of approximately $221 to $227 per unit.

Qualcomm, Inc. sees Q3 2014 EPS of $1.15-$1.25, versus the consensus of $1.25. Qualcomm, Inc. sees Q3 2014 revenue of $6.2-6.8 billion, versus the consensus of $6.59 billion.

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• HeartCore Enterprises, Inc. (HTCR) Misses Q2 EPS by 185c
• Star Equity Holdings (STRR) Misses Q2 EPS by 8c