CASBAA: Making Waves In The Broadcast Industry
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Oppenheimer Cuts Price Target on Qualcomm (QCOM) Following 3Q15 Results
July 23, 2015 9:26 AM EDTOppenheimer reiterated an Outperform rating on Qualcomm (NASDAQ: QCOM), and cut the price target to $70.00 (from $75.00), following 3Q15. QCOM reported Sales of $5.83B and EPS of $0.99 vs. Street expectations of $5.85B and $0.95 respectively. Analyst Ittai Kidron said that from a fundamental standpoint there is... More
China Demand, L-T QCT Margin Guidance Key for Qualcomm (QCOM) into Q3 Report - Cowen
July 22, 2015 11:16 AM EDTCowen and Company is out with a preview of Qualcomm (Nasdaq: QCOM) ahead of the company's Q3 report today.
Analyst Timothy Arcuri is looking for Qualcomm to post Q3 revenue and EPS of $4.91 billion and $0.96, respectively. Estimates are slightly above guidance midpoints.
Arcuri is modeling 220 million QCT chipset shipments with average selling prices down about 8 percent sequentially. The analyst continued, We model trough QCT operating margins (down ~990bps Q/Q) on lower volumes and... More
