Qualcomm (QCOM) Estimates, PT Cut at Nomura Post Q4; 'Buy' Maintained

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Cowen Trims PT on Qualcomm (QCOM) Following Q3 Results, Outlook; Still Expects Some 'Surprises' at Analyst Day

November 6, 2014 2:18 PM EST

Cowen and Company cuts its price target on Qualcomm (Nasdaq: QCOM) from $85 down to $79, but maintains and Outperform rating following Q3 results and outlook.

Analyst Timothy Arcuri noted that Qualcomm's Q3 EPS of $1.26 compares with the firms $1.35 estimate. CQ3 miss/guide down + two... More

Qualcomm (QCOM) Misses Q4 EPS by 5c

November 5, 2014 4:03 PM EST

Qualcomm (NASDAQ: QCOM) reported Q4 EPS of $1.26, $0.05 worse than the analyst estimate of $1.31. Revenue for the quarter came in at $6 billion versus the consensus estimate of $7.02 billion.

Key Business Metrics

Fourth Quarter Fiscal 2014

MSM chip shipments: 236 million... More