Trade with Eva: Analytics in action >>

Wednesday, July 29, 2020

-=Qualcomm (QCOM) reported earnings on Wed 29 July 20 (a/h)

Qualcomm beats by $0.15, beats on revs; guides Q4 EPS in-line, revs in-line

  • Reports Q3 (Jun) earnings of $0.86 per share, excluding non-recurring items, $0.15 better than the S&P Capital IQ Consensus of $0.71; Non-GAAP revenues fell 0.1% year/year to $4.89 bln vs the $4.8 bln S&P Capital IQ Consensus.
  • Co issues in-line guidance for Q4, sees EPS of $1.05-1.25, excluding non-recurring items, vs. $1.09 S&P Capital IQ Consensus; sees Q4 revs of $5.5-6.3 bln (Non-GAAP) vs. $5.76 bln S&P Capital IQ Consensus.
  • "Our guidance for the fourth quarter of fiscal 2020 includes an impact of greater than ($0.25) to EPS attributable to a planning assumption of an approximate 15% year-over-year reduction in handset shipments due to COVID-19, including a partial impact from the delay of a global 5G flagship phone launch. However, the actual impact may differ materially due to the challenging economic environment and highly uncertain effects of COVID-19."
  • "As 5G continues to roll out, we are realizing the benefits of the investments we have made in building the most extensive licensing program in mobile and are turning the technical challenges of 5G into leadership opportunities and commercial wins," said Steve Mollenkopf, CEO of Qualcomm Incorporated. "We delivered earnings above the high end of our range, continued to execute in our product and licensing businesses and entered into a new long-term patent license agreement with Huawei, all of which position us well for the balance of 2020 and beyond."
  • No comments:

    Post a Comment