US EditionQualcomm tops estimates but gives light revenue forecast
- Qualcomm reported fiscal second-quarter results on Wednesday, beating revenue and earnings estimates but forecasting lighter sales ahead.
- The company’s stronger-than-expected results stemmed from 17% revenue growth, but escalating trade tensions and slower smartphone demand raised uncertainty.
- Qualcomm posted $10.98 billion in revenue and $2.85 adjusted EPS, exceeding analyst predictions of $10.65 billion and $2.82 per share respectively.
- The company forecast third-quarter revenue between $9.9 billion and $10.7 billion and EPS of $2.60 to $2.80, slightly below Wall Street’s averages of $10.3 billion and $2.67.
- These results led to a 5.4% drop in after-hours stock, signaling investor concerns about trade impacts and macroeconomic pressures on Qualcomm’s core smartphone market.
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Colorado Springs GazetteReposted by 
Denver Gazette
Denver GazetteQualcomm sees third-quarter revenue below estimates, shares drop 6%
By Arsheeya Bajwa and Max A. Cherney
·Colorado Springs, United States
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Qualcomm Beats Q2 Expectations On Earnings, Revenue: CEO Highlights Focus On 'Critical Factors We Can Control' - Qualcomm (NASDAQ:QCOM)
Qualcomm beat analyst estimates for revenue and earnings per share in the second quarter. A look at the highlights and what's next.
·New York, United States
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Coverage Details
Total News Sources16
Leaning Left2Leaning Right1Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 22%
C 67%
11%
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