Qualcomm will book a one-time payment of $4.5 billion to $4.7 billion in the fiscal third quarter from the settlement, as Apple catches up on royalties that the iPhone maker did not pay while they were locked a legal dispute.Excluding that payment, Qualcomm estimated $4.7 billion to $5.5 billion in revenue, with a midpoint slightly below the $5.29 billion analysts were expecting, according to IBES data from Refinitiv.
Qualcomm estimated $1.23 billion to $1.33 billion in revenue for its licensing business in the third quarter, with a midpoint slightly above analysts’ consensus forecast of $1.22 billion according to Refinitiv data.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Intel reportedly considering sale of modem business; held talks with AppleIntel decided to exit the 5G modem chip business last week, hours after Apple settled a longstanding legal dispute with Qualcomm Inc., the Wall Street Journal reported
Source: globeandmail - 🏆 5. / 92 Read more »
Microsoft market cap touches $1-trillion, pulls above AppleMicrosoft market cap touches $1-trillion, pulls above Apple GlobeInvestor
Source: globeandmail - 🏆 5. / 92 Read more »
Sherritt shares plunge on earnings miss from low cobalt prices, Cuba issuesSherritt reported net loss of $61.8-million for the first quarter, compared with a net loss of $600,000 for the same quarter last year
Source: globeandmail - 🏆 5. / 92 Read more »
TSX Composite earnings scorecard: How first-quarter results have faredOf the 18 companies in the index that have reported earnings to date for Q1 2019, 27.8 per cent reported above analyst expectations globeinvestor Lots of Fared.... Today
Source: globeandmail - 🏆 5. / 92 Read more »
West Fraser misses first quarter analyst expectations as earnings plungeThe company says it lost $5 million or seven cents per share in the quarter ending March 31, compared with earnings of $197 million or $2.53 per share for the same period last year.
Source: VancouverSun - 🏆 49. / 61 Read more »