Cowen Trims PT on Qualcomm (QCOM) to $69; QCT Faring Better, QTL Worse
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Nomura Securities Downgrades Qualcomm (QCOM) to Neutral
November 9, 2015 8:13 AM ESTNomura Securities downgraded Qualcomm (NASDAQ: QCOM) from Buy to Neutral with a price target of $60.00 (from $75.00).
Analyst Romit Shah commented, "Admittedly, we should have made this change when issues with China surfaced a year ago. Our thesis was that Licensing (QTL) has... More
Under Reporting by Chinese OEMs Forces Qualcomm (QCOM) to Guide Lower - FBR
November 5, 2015 9:00 AM ESTQUALCOMM (NASDAQ: QCOM) reported better-than-expected C3Q15 top-line results but the revenue mix continues to shift to lower margin business as Chinese OEMs increasingly under-report royalty bearing handset shipments. The QTL segment has a mid-80% operating margin but relies on third party report for its royalties. To offset the mix shift, management is implementing a cost cutting program that the street is modeling to double operating margins in the coming year.
For C3Q15, Qualcomm reported revenue of... More
Wall St slips after mixed earnings as jobs report looms
November 5, 2015 7:31 AM ESTBy Lewis Krauskopf
(Reuters) - U.S. stocks edged lower on Thursday as investors digested mixed tech and healthcare earnings a day ahead of Friday's U.S. jobs report.
Energy shares dragged more than other sectors as crude prices fell. Qualcomm (NASDAQ: QCOM) weighed the most on the S&P 500, falling 15.3 percent to $51.07 after the chipmaker forecast first-quarter profit below expectations. Biotech Celgene (NASDAQ: CELG) fell 5.3 percent to $120.46 after its quarterly revenue missed targets.
Overall declines were limited by a rise in Facebook (NASDAQ:... More
UPDATE: Qualcomm (QCOM) Tops Q4 EPS by 5c
November 4, 2015 4:02 PM EST(Updated - November 4, 2015 4:16 PM EST)
Qualcomm (NASDAQ: QCOM) reported Q4 EPS of $0.91, $0.05 better than the analyst estimate of $0.86. Revenue for the quarter came in at $5.5 billion versus the consensus estimate of $5.21 billion.
Our fiscal fourth quarter revenues and EPS were at the high end... More
