Qualcomm Inc. (NASDAQ: QCOM) is seeing a very positive reaction this morning after the company raised guidance.
The company sees earnings at $0.54 to $0.55 EPS, above its prior targets of $0.50 to $0.52 EPS. Its Revenues are now expected to be above its earlier estimates of $2.5 to $2.7 Billion. On last look, First Call had estimates at $0.52 EPS on $2.61 Billion in revenues.
The CDMA chip royalty company now sees Q3 results to be better than anticipated on increased demand for its next-generation cell phones and other devices now that it shipped 86 million Mobile Station Modem chips.
Shares are up over 3.5% at $47.94 in early trading, and its 52-week trading range is $35.17 to $49.50.
Jon C. Ogg June 12, 2008
“The Next NVIDIA” Could Change Your Life
NVIDIA has returned 250-fold in the past 10 years as artificial intelligence took off.
But if you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over.
The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.”
The report outlines key breakthroughs in AI and the stocks ready to dominate the next wave of growth. The report is absolutely free. Simply enter your email below
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.
