QUALCOMM Ahead of Earnings

qcom New York, July 19th (TradersHuddle.com) – Shares of QUALCOMM Incorporated (NASDAQ:QCOM) are trading higher by +2.37% ahead of its quarterly earnings release. QUALCOMM, the maker of integrated CDMA chipsets for wireless products is expected to release its quarterly results on July 20th.

Wall Street Analysts consensus calls for a profit of $0.71 a share on $3.59 billion revenue.

QUALCOMM estimates have a range of $0.08 a share. The high estimate calls for profit of $0.76 a share and the low estimate is calling for a profit of $0.68 a share, a year ago for the quarter the company reported $0.57 a share.

QUALCOMM Incorporated (NASDAQ:QCOM) develops and delivers digital wireless communications products and services based on ots CDMA digital technology. It provides integrated CDMA chipsets and systems software, technology licensing, Eudora email software, and satellite based systems.

Other companies on the watch on this earnings event are Broadcom Corporation NASDAQ:BRCM and Marvell Technology Group Ltd. NASDAQ:MRVL.

Earlier in the month, JMP Securities reiterated its Outperform rating and target price of $75. Also the Wall Street Journal reported that Qualcomm had ousted the incumbent wireless baseband chip maker Infineon on the new iPhone, which is speculated to be launch in September and to be an actual world phone, which can work on both CDMA and GSM networks, which will require a dual band chip, like the ones Qualcomm manufactures.

Leave a Reply

Your email address will not be published. Required fields are marked *