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Stock Market & Financial Investment News

News Breaks
January 30, 2013
14:11 EDTQCOMEarnings Preview: Analysts positive on Qualcomm ahead of report
Qualcomm (QCOM) is expected to report Q1 earnings after the close on Wednesday, January 30, with a conference call scheduled for 4:45 pm ET. Qualcomm has eclipsed Intel (INTC) as the U.S. listed semiconductor manufacturer with the highest market capitalization... EXPECTATIONS: Analysts are looking for earnings per share of $1.13 on revenue of $5.9B. The consensus range is $1.08-$1.17 for EPS on revenue of $5.72B-$6.25B, according to First Call. In its last earnings report, Qualcomm said it expects Q1 EPS of $1.08-$1.16 on revenue of $5.6B-$6.1B, both of which beat consensus expectations at that time... LAST QUARTER: Qualcomm reported Q4 EPS of 89c on revenue of $4.87B, which beat the consensus expectations at that time in November. Qualcomm reported it shipped approximately 141M Mobile Station Modem, or MSM, chipsets in Q4 and said it expected MSM chip shipments to grow to 168-178M in Q1... RESEARCH AND NEWS: In a note to investors yesterday, Piper Jaffray analyst Auguste Richard said the firm expects Qualcomm to meet or beat the high-end of its guidance and report continued market share gains. Cowen similarly said in a note this morning that it expects Qualcomm to report an increase of chip market share in Q1 and that market share gains should continue throughout this year. In recent days Canaccord has said Qualcomm is well positioned for 2013 earnings growth and Morgan Stanley called the risk/reward in Qualcomm shares favorable ahead of the company's Q1 report. Early this month, Citigroup removed Broadcom (BRCM) from its Top Picks Live list in favor or Qualcomm, citing the rapid adoption of 3G smartphones in China and emerging markets as positive for Qualcomm... PRICE ACTION: Since the day after last quarter's report, shares of Qualcomm have advanced over 9%. In afternoon trading ahead of tonight's report, Qualcomm is unchanged at $63.45.
News For QCOM From The Last 14 Days
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July 18, 2014
10:11 EDTQCOMQualcomm July weekly volatility elevated into Q3 and revenue outlook
Qualcomm July weekly call option implied volatility is at 32, August is at 20, September, October and January is at 17; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on July 23.
July 16, 2014
11:29 EDTQCOMIntel hits 52-week high after results beat estimates
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July 15, 2014
07:50 EDTQCOMQualcomm estimates adjusted to reflect inventory transition, says Canaccord
Canaccord adjusted its estimates for Qualcomm to reflect an ongoing inventory transition in China from 3G to 4G devices. The firm continues to expect strong growth of smartphones, the upgrade to new air interface technologies, and strong market share gains to drive sales and earnings growth. Qualcomm shares are Buy rated with a $95 price target.
06:11 EDTQCOMSamsung, HiSilicon to sell more handset solutions to vendors, DigiTimes says
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July 14, 2014
10:00 EDTQCOMOn The Fly: Analyst Downgrade Summary
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08:16 EDTQCOMQualcomm downgraded to Neutral from Strong Buy at ISI Group
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July 11, 2014
12:46 EDTQCOMQualcomm downgraded to Buy from Strong Buy at Tigress Financial
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10:00 EDTQCOMOn The Fly: Analyst Downgrade Summary
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09:09 EDTQCOMOn The Fly: Pre-market Movers
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07:36 EDTQCOMQualcomm downgraded to Buy from Conviction Buy at Goldman
Goldman removed Qualcomm from the Conviction Buy List as it does not expect material near-term upside to Street estimates sees some risk of downside. The firm trimmed estimates for both the June and September quarters due to weaker handset demand but maintains its Buy rating and $95 price target based on relative valuation and growth profile.
07:35 EDTQCOMQualcomm questioned again in Chinese anti-trust probe, Xinhua says
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July 9, 2014
06:16 EDTQCOMQuclomm places FinFET chip orders with Samsung, DigiTimes reports
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July 8, 2014
07:36 EDTQCOMQualcomm subsidiary announces VoLTE launch in Japan
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07:32 EDTQCOMSemiconductor Equipment & Materials International to hold a conference
SEMICON West to be held in San Francisco on July 8-10.
06:29 EDTQCOMSEMI predicts 21% increase in production equipment purchases in 2014, WSJ says
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