Design World

  • Home
  • Technologies
    • 3D CAD
    • Electronics • electrical
    • Fastening & Joining
    • Factory automation
    • Linear Motion
    • Motion Control
    • Test & Measurement
    • Sensors
    • Fluid power
  • Learn
    • Ebooks / Tech Tips
    • Engineering Week
    • Future of Design Engineering
    • MC² Motion Control Classrooms
    • Podcasts
    • Videos
    • Webinars
  • LEAP AWARDS
  • Leadership
    • 2022 Voting
    • 2021 Winners
  • Design Guide Library
  • Resources
    • Subscribe!
    • 3D Cad Models
      • PARTsolutions
      • TraceParts
    • Digital Issues
      • Design World
      • EE World
    • Women in Engineering
  • Supplier Listings

Earnings Preview: Qualcomm to Report 3Q Results

By The Associated Press | July 21, 2009

Share

NEW YORK (AP) — Qualcomm reports earnings for its fiscal third quarter on Wednesday. The following is a summary of key developments and analyst opinion related to the period:

OVERVIEW: The San Diego-based company has already raised its forecast for the quarter that ended in June, on the back of recovering sales in the wireless market.

As with many businesses underpinned by patents, Qualcomm has been engaged in long-running litigation. It put one those fights behind it when reporting results for its previous quarter, in April. It agreed to pay Broadcom Corp. $891 million over four years. Broadcom is a relative newcomer to the business of making chips for cell phones but proved to be a fierce legal adversary.

BY THE NUMBERS: Analysts, on average, are expecting a profit of 52 cents per share on sales of $2.73 billion, according to a poll by Thomson Financial.

Analysts generally base their estimates on Qualcomm’s “pro forma” numbers, which exclude the cost of stock-based compensation and results from investments.

Qualcomm on June 11 raised its forecast for the quarter, saying that it expects to post pro-forma earnings of $1.06 billion to $1.11 billion, on sales of $2.67 billion to $2.77 billion.

ANALYST TAKE: Mark Sue at RBC Capital Markets initiated coverage of Qualcomm last week with an “outperform” rating, saying the company may be well positioned to increase its market share in advanced handsets. He’s expecting results to come in at the high end of the company’s guidance.

In the longer-term, he expects Qualcomm’s broadband chips for laptops and processors for smaller handheld devices to start making a bigger contribution.

STOCK PERFORMANCE: Shares of the company rose 7 percent during the quarter to close at $46.19 on June 26.


Filed Under: Infrastructure

 

Related Articles Read More >

Do Sensors Make Infrastructure Safer?
Crawling Robots and Flying Drones May Help Missouri’s Bridges
Viasat and Facebook Collaborate to Expand Internet Connectivity in Rural Mexico
Smartphone-Based System to Monitor America’s Crumbling Infrastructure

DESIGN GUIDE LIBRARY

“motion

Enews Sign Up

Motion Control Classroom

Design World Digital Edition

cover

Browse the most current issue of Design World and back issues in an easy to use high quality format. Clip, share and download with the leading design engineering magazine today.

EDABoard the Forum for Electronics

Top global problem solving EE forum covering Microcontrollers, DSP, Networking, Analog and Digital Design, RF, Power Electronics, PCB Routing and much more

EDABoard: Forum for electronics

Sponsored Content

  • Industrial disc pack couplings
  • Pushing performance: Adding functionality to terminal blocks
  • Get to Know Würth Industrial Division
  • Renishaw next-generation FORTiS™ enclosed linear encoders offer enhanced metrology and reliability for machine tools
  • WAGO’s smartDESIGNER Online Provides Seamless Progression for Projects
  • Epoxy Certified for UL 1203 Standard

Design World Podcasts

July 26, 2022
Tech Tuesdays: Sorbothane marks 40 years of shock and vibration innovation
See More >
Engineering Exchange

The Engineering Exchange is a global educational networking community for engineers.

Connect, share, and learn today »

Design World
  • Advertising
  • About us
  • Contact
  • Manage your Design World Subscription
  • Subscribe
  • Design World Digital Network
  • Engineering White Papers
  • LEAP AWARDS

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search Design World

  • Home
  • Technologies
    • 3D CAD
    • Electronics • electrical
    • Fastening & Joining
    • Factory automation
    • Linear Motion
    • Motion Control
    • Test & Measurement
    • Sensors
    • Fluid power
  • Learn
    • Ebooks / Tech Tips
    • Engineering Week
    • Future of Design Engineering
    • MC² Motion Control Classrooms
    • Podcasts
    • Videos
    • Webinars
  • LEAP AWARDS
  • Leadership
    • 2022 Voting
    • 2021 Winners
  • Design Guide Library
  • Resources
    • Subscribe!
    • 3D Cad Models
      • PARTsolutions
      • TraceParts
    • Digital Issues
      • Design World
      • EE World
    • Women in Engineering
  • Supplier Listings