QUALCOMM Inc.
QUALCOMM Incorporated designs, manufactures, and markets digital wireless telecommunications products and services.
Earnings Report Coming Up
The company, which is trading near a 52-week high in a bearish market, is set to report results for its fiscal third quarter on July 23, 2008.
Higher Forecasts
In mid-June, the company stated that together with its partners, QCOM continues to deliver the compelling and affordable devices, applications and services wireless consumers demand, adding that the fundamental drivers of its business remain strong, and based on the current business outlook QUALCOMM is raising its fiscal 2008 pro forma earnings per share guidance.
On Wall Street, five of 11 covering analysts boosted earnings estimates for the fiscal year ending September 2008. Current forecasts of $1.91 are above last months $1.87.
Solid Growth
In late April, QUALCOMM posted fiscal second quarter results. Earnings per share of 47 cents outpaced the year-prior total and matched the consensus estimate. Revenues of $2.61 billion climbed 17% on a year-over-year basis and 7% sequentially.
The company offers a return on equity ROE of 20%, four times the industry average of 5%.
Competitive Income
QCOMs yield of 1.4% stands out as the company operates in an industry that virtually pays no dividend.
|
|
|
Share |
RSS |
Rate Pos |
Rate Neg |
Comment |
|
|
||||||
Loading Stories...Most Popular on Zacks.com
More Zacks Resources
More Zacks Links
| Market Summary | Jul 04, 2009 19:38 pm ET |
GIVE US YOUR FEEDBACK


Sponsored Links 
-1.06 %
[CLICK TO CLOSE X]