Qualcomm stock slides after earnings, Apple settlement to add nearly $5 billion

Qualcomm QCOM, +0.28% shares declined 4.5% after hours, following a 0.2% rise to close the regular session at $86.37. Shares are up 52% on the year. In comparison, the PHLX Semiconductor Index SOX, -0.82% is up 34%, while the S&P 500 index SPX, -0.75% is up 17%, and the tech-heavy Nasdaq Composite Index COMP, -0.57% is up 21%.

Revenue declined to $4.98 billion from $5.22 billion in the year-ago quarter. Wall Street expected revenue of $4.8 billion from Qualcomm, according to 17 analysts polled by FactSet. Analysts polled by FactSet have forecast an average earnings of $1.29 a share on revenue of $5.28 billion.

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Qualcomm short sellers are out in full force ahead of earningsShort-sellers have been quick to bet against Qualcomm Inc. in the wake of its recent settlement with Apple Inc.
منبع: MarketWatch - 🏆 3. / 97 ادامه مطلب »

Apple has been battered all year by bad headlines, but the stock keeps going up ahead of Q2 earningsWhen Apple reports second-quarter earnings on Tuesday after the bell, sales will be down from the same time last year. That's according to Apple's own guidance. That tends to happen when you basically have Trillions of Cash on hand.
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »