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

Qualcomm (NASDAQ: QCOM) reported Q3 EPS of $0.83, $0.02 better than the analyst estimate of $0.81. Revenue for the quarter came in at $5.3 billion versus the consensus estimate of $5.26 billion.

“We delivered better than expected results in our semiconductor business this quarter, which drove EPS above the midpoint of our expectations versus our April updated guidance,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “Our products and technologies continue to enable the global smartphone industry, and we are expanding into many exciting new product categories, including automotive, mobile computing, networking and IoT. We believe that we hold the high ground with regard to the dispute with Apple, and we have initiated new actions to protect the well-established value of our technologies.”

GUIDANCE:

Qualcomm sees Q4 2017 EPS of $0.75-$0.85, versus the consensus of $0.90. The company sees Q4 revenue of $5.4-$6.2 billion, versus the consensus of $5.48 billion.

For earnings history and earnings-related data on Qualcomm (QCOM) click here.

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