Is Qualcomm an Attractive Investment?
T = Trends for a Stock’s Movement
Qualcomm is engaged in the design and manufacturing of digital communications products and services. The company operates in four segments: Qualcomm CDMA technologies, Qualcomm technology licensing, Qualcomm wireless and Internet, and Qualcomm strategic initiatives. It develops and supplies integrated circuits and system software based on CDMA, OFDMA, and other technologies for uses in voice and data communications, networking, application processing, multimedia, and global positioning system products.
Qualcomm released its first fiscal quarter earnings report Wednesday after closing bell, reporting earnings of $1.26 per share excluding items on revenue of $6.62 billion. Analysts had been expecting the company to report earnings of $1.18 per share on revenue of $6.7 billion for the quarter. The company’s shares rose as much as 2 percent in after-hours trading after the earnings beat was reported. “We are pleased with the start to our fiscal year, with record results in quarterly revenues, device sales reported by licensees and MSM chip shipments,” said Dr. Paul E. Jacobs, Chair and CEO of Qualcomm, in a statement. “Looking forward, we expect our performance to reflect the continued strong global growth of smartphones, our chipset leadership position and our competitive strengths in 3G/4G technologies and products.”