Consumer Electronics

Qualcomm's Good Enough Earnings (QCOM)

Qualcomm Incorporated (NASDAQ: QCOM) has just beaten earnings expectations for its fiscal third quarter and raised guidance for the fourth quarter.  The CDMA chipset leader reported adjusted earnings of $0.57 EPS on revenues of $2.71 billion, which compares to Thomson Reuters estimates of $0.54 EPS and $2.63 billion in revenues.

Qualcomm now sees its fourth quarter at $0.39 to $0.43 EPS, or $0.55 to $0.59 on an adjusted EPS basis, with revenues of $2.67 to $2.93 billion.  The Thomson Reuters estimates are $0.57 EPS and $2.77 billion in revenues.

Qualcomm has raised its fiscal 2010 targets to a new range of $2.33 billion to $2.37 EPS and $10.7 to $11.0 billion in revenues.  Thomson Reuters has estimates of $2.31 EPS and $10.72 billion in revenues.

Cash, cash equivalents, and marketable securities were $17.6 billion at the end of the quarter.  MSM Shipments rose 10% to 103 million units.  Operating cash flow fell 13% at $951 million and operating income was down 11% at $792 million.

While there is not an earth-shattering beat nor an incredibly higher guidance, the price of Qualcomm stock must have already discounted the news.  Shares closed down 1.6% at $36.16 versus a 52-week range of $31.63 to $49.80.  They  are trading up above $37.50 in the initial reaction in the after-hours session.

JON C. OGG

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.