Qualcomm (QCOM) Tops Q3 EPS by 2c; Guides Q4 EPS Below Views

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Go back to Qualcomm (QCOM) Tops Q3 EPS by 2c; Guides Q4 EPS Below Views

Canaccord Genuity Reiterates Buy on Qualcomm (QCOM) Following 3Q

July 20, 2017 8:42 AM EDT

Canaccord Genuity reiterated a Buy rating and $70.00 price target on Qualcomm (NASDAQ: QCOM) following the company's 3Q report. Qualcomm reported 3Q results with pro-forma EPS of $0.83 consistent with $0.82 estimates.

Qualcomm is in a dispute with another licensee that analyst Michael Walkley... More

Qualcomm's profit forecast disappoints as Apple battle takes toll

July 19, 2017 4:20 PM EDT

By Rishika Sadam

(Reuters) - Qualcomm Inc (NASDAQ: QCOM) forecast fourth-quarter profit below analysts' estimates as the company's escalating patent battle with Apple Inc (NASDAQ: AAPL) continues to take a toll on its licensing business.

Shares of the company were down 2.3 percent at $55.40 after the bell on Wednesday.

The chipmaker also reported a steep fall in third-quarter profit as Apple's contract manufacturers withheld royalties that they were expected to pay to... More