Qualcomm beats Wall Street’s estimates

Stefan Mileschin · 4th February 2018, 18:21

Looks like Apple not paying its bills could not stop it

Qualcomm beat Wall Street estimates across the board for its first-quarter earnings on Wednesday.

The outfit made $6.04 billion in revenue, while Wall Street thought it would be $5.93 billion.

This is even though Qualcomm's operating profit dropped 96 percent year-over-year to break even as Apple and its partners continued to withhold royalty payments.

The company noted that it didn't record any license revenues from Apple in the first quarter because of its continued dispute with the iPhone maker. In the first quarter of last year, Qualcomm generated $740 million in royalty fees from fruit-related products.

https://fudzilla.com/news/45511-qual...et-s-estimates

4th February 2018, 18:21	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,618	Qualcomm beats Wall Street’s estimates Looks like Apple not paying its bills could not stop it Qualcomm beat Wall Street estimates across the board for its first-quarter earnings on Wednesday. The outfit made $6.04 billion in revenue, while Wall Street thought it would be $5.93 billion. This is even though Qualcomm's operating profit dropped 96 percent year-over-year to break even as Apple and its partners continued to withhold royalty payments. The company noted that it didn't record any license revenues from Apple in the first quarter because of its continued dispute with the iPhone maker. In the first quarter of last year, Qualcomm generated $740 million in royalty fees from fruit-related products. https://fudzilla.com/news/45511-qual...et-s-estimates

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Wall Street snubs McAfee	Stefan Mileschin	WebNews	0	26th September 2016 06:11
Samsung beats Wall Street	Stefan Mileschin	WebNews	0	10th July 2016 14:17
Adobe disappoints Wall Street	Stefan Mileschin	WebNews	0	25th June 2016 15:24
Infosys beats Wall Street predictions	Stefan Mileschin	WebNews	0	10th January 2015 06:42
Wall Street goes insane over Spotify	Stefan Mileschin	WebNews	0	26th November 2013 07:54
Microsoft astonishes Wall Street	Stefan Mileschin	WebNews	0	28th October 2013 06:40
Wall Street slams Intel	Stefan Mileschin	WebNews	0	10th July 2013 08:25
Wall Street mutters against Microsoft	Stefan Mileschin	WebNews	0	9th July 2012 12:54
Microsoft Beats Estimates with $17.4 Billion in Revenue	Stefan Mileschin	WebNews	0	20th April 2012 07:17
Intel beats estimates, shares jump 5%	Sidney	WebNews	2	17th October 2007 13:51