Qualcomm: beats consensus in Q4
(CercleFinance.com) - On Wednesday night Qualcomm unveiled adjusted net profit that is down 25% y-o-y at 0.
9 billion dollars for Q4 2018-19, i.e. EPS of 78 cents a share, seven cents above the consensus.
Again in non-GAAP data, the Californian wireless technology group saw its operating profit fall 9% to 1.1 billion dollars, with quarterly revenues that are down 17% at 4.8 billion dollars.
For the current quarter, Qualcomm expects adjusted EPS of between 80 cents and 90 cents, compared to 1.20 dollar last year, as well as revenues of between 4.4 billion and 5.2 billion dollars, compared to 4.8 billion dollars in Q1 2018-19.
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