Earnings On Deck: QUALCOMM vs. SanDisk (QCOM, SNDK)

Consumer Electronics

Published: April 18, 2012 12:33 pm

Last Updated: April 27, 2020 8:38 pm

QUALCOMM Incorporated (NASDAQ: QCOM) is set to report earnings after the close of trading on Wednesday, while SanDisk Corporation (NASDAQ: SNDK) is set to report earnings after the close on Thursday. If it seems odd that a mobile processor and architecture leader is being compared to the independent flash memory leader, then perhaps the smartphone revolution has not caught up entirely as much as it should have.

QUALCOMM Incorporated (NASDAQ: QCOM) is expected to report $0.98 EPS and $4.84 billlion in sales. At $66.80, the 52-week trading range is $45.98 to $68.87. More important than everything is that the market cap is now $113 billion.

SanDisk Corporation (NASDAQ: SNDK) already warned about sales, earnings, and margins and this conflicts with some of the expected strength from the smartphone and consumer electronics that QUALCOMM has been immune from so far. SanDisk is expected to report $0.70 EPS and revenues are expected to be $1.23 billion. At $40.82, the 52-week trading range is $32.24 to $53.46.

What is obvious today is that the strength is expected to be geared toward QUALCOMM while the caution is geared toward SanDisk.

JON C. OGG

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