Qualcomm (QCOM) Tops Q2 EPS by 8c; Issues Light Q3 EPS Outlook
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April 21, 2016 8:56 AM EDT
Mizuho Securities reiterated a Neutral rating on Qualcomm (NASDAQ: QCOM), and raised the price target to $50.00 (from $49.00), following the company's 2Q earnings report. QCOM reported in-line results with revenues of $5.5B vs consensus of $5.3B. EPS was reported at $1.04 compared to $0.97 consensus estimates.... More
April 21, 2016 6:43 AM EDT
Cowen and Company affirms Qualcomm (Nasdaq: QCOM) with an Outperform rating and $60 price target following Q2 results and light guidance issued on Wednesday night.
Analyst Timothy Arcuri offered the following commentary on what to do with Qualcomm following the results:
In QTL, the LG dispute is now resolved and fears around a major collapse in the royalty rate are unfounded, but collections in China remain a big challenge even despite new licensing... More
