Qualcomm late Wednesday lowered its outlook for its fiscal year, citing in part a decline in its share at a large customer that it didn’t name but is widely believed to be smartphone giant Samsung. The maker of chips and licensor of technology for mobile products posted fiscal Q2 earnings and sales that beat Wall Street views, but its Q3 guidance missed expectations, and the CEO hinted at cost cuts. Qualcomm (QCOM) stock, which has fallen 16%
Qualcomm (QCOM) is expected to post modest earnings growth when it reports second-quarter results after the market closes Wednesday. Analysts polled by Thomson Reuters expect Qualcomm to report earnings per share excluding items of $1.33 for fiscal Q2 ended March 29, up 1.5% from the year-earlier quarter. Revenue is seen increasing 7.3% to $6.83 billion. Qualcomm’s revenue guidance for Q2 is $6.5 billion to $7.1 billion, up 7% year to year at the
When Qualcomm set out to develop a more accurate sensor to authenticate fingerprints, the chipmaker chose ultrasound technology — the same high-frequency sound waves used by doctors to examine pregnancies. “It actually sees into the ridges of your fingerprint and pores of your skin,” said Tim McDonough, Qualcomm’s (QCOM) vice president of product marketing. “That’s the starting point. Then we encrypt the fingerprint and store it inside