UPDATE: Qualcomm (QCOM) Tops Q4 EPS by 5c

Go back to UPDATE: Qualcomm (QCOM) Tops Q4 EPS by 5c

Cowen Trims PT on Qualcomm (QCOM) to $69; QCT Faring Better, QTL Worse

November 5, 2015 12:01 PM EST

Cowen and Company is lowering its price target on Outperform-rated Qualcomm (Nasdaq: QCOM) from $72 to $69 following Q3 results issued Wednesday night.

On the results, Analyst Tim Arcuri commented, While QCT we believe has found a bottom, QTL collections continue to lag... More

Under Reporting by Chinese OEMs Forces Qualcomm (QCOM) to Guide Lower - FBR

November 5, 2015 9:00 AM EST

QUALCOMM (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

Trading Radar 11/4: Facebook (FB), Qualcomm (QCOM), MetLife (MET), Time Warner (TWX), Michael Kors (KORS) Report

November 3, 2015 2:45 PM EST

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
7:00am EDT

MBA Mortgage Index - no Street consensus

8:15am EDT

ADP Employment Change - Street sees 180k

8:30am EDT

Trade Balance - Street sees ($43.0B)

Earnings:

02micro (Nasdaq: OIIM) - consensus loss $0.08
3D Systems (NYSE: DDD) - consensus EPS $0.08
Abraxas Petroleum (Nasdaq: AXAS) - consensus loss... More