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QUALCOMM Incorporated (QCOM) - free report >>
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QUALCOMM Incorporated (QCOM) - free report >>
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After the Bell Earnings from AT&T, Qualcomm & eBay
Three more major companies have reported earnings estimates after the bell today: AT&T (T - Free Report) , Qualcomm (QCOM - Free Report) and eBay (EBAY - Free Report) . While the Internet retailer beat earnings estimates on in-line revenues, both telecom-related majors just met earnings estimates exactly.
AT&T posted 66 cents per share in its Q4 earnings release on revenues of $41.8 billion in the quarter, down from the $42.1 billion the Zacks consensus had been expecting. Revenues are down slightly year over year, while the in-line bottom-line figure is the Zacks Rank #3 (Hold) stock's third straight earnings meet. For more information about AT&T's earnings, please click here.
eBay put up 54 cents per share, beating the Zacks consensus by 7 cents. $2.4 billion in sales matched expectations on the tip-end. Guidance, however, was light for both Q1 and full-year 2017 outlooks, and the company in its conference call is currently discussing how to simplify the user experience of the eBay website. For more on eBay's earnings, please click here.
Qualcomm posted $1.06 per share, which demonstrates 24% growth year over year. Its QCT chip unitl came in a bit light on payment issues regarding one unnamed customer in China. Softness in China overall is currently considered seasonal. Qualcomm is a Zacks Rank #3 with a Style Score of B.