Party Over at High End of Smartphone Market; Citi Cuts Qualcomm (QCOM), Avago (AVGO), and MagnaChip Semi (MX)

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Go back to Party Over at High End of Smartphone Market; Citi Cuts Qualcomm (QCOM), Avago (AVGO), and MagnaChip Semi (MX)

Qualcomm (QCOM) PT Raised at Nomura Following Q3 Earnings

July 25, 2013 9:08 AM EDT

Nomura Securities analyst Romit Shah raised his price target on Qualcomm (NASDAQ: QCOM) from $75 to $78 following Q3 results.

"Qualcomm has been underperforming the market consistently throughout 2013 due to investor concerns over declining handset asps, expense growth, weak handset shipments and a rising share... More

UPDATE: Qualcomm, Inc. (QCOM) Reports In-Line Q3 EPS; Boosts FY13 Outlook

July 24, 2013 4:00 PM EDT

(Updated - July 24, 2013 4:03 PM EDT)

Qualcomm, Inc. (NASDAQ: QCOM) reported Q3 EPS of $1.03, in-line with the analyst estimate of $1.03. Revenue for the quarter came in at $6.2 billion versus the consensus estimate of $6.05 billion.

Sees Q413 revs of $5.9 billion to $6.6 billion... More