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Stock Market & Financial Investment News

News Breaks
January 29, 2014
05:44 EDTQCOMQualcomm could face significant antitrust fine in China, Reuters reports
Qualcomm may face a record fine of over $1B in a Chinese antitrust investigation, raising the possibility of tougher penalties for foreign firms from China's National Development and Reform Commission, reports Reuters. Reference Link
News For QCOM From The Last 14 Days
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April 23, 2015
05:28 EDTQCOMQualcomm downgraded to Neutral from Outperform at Exane BNP Paribas
Exane BNP Paribas downgraded Qualcomm to Neutral following the company's Q2 results.
April 22, 2015
19:14 EDTQCOMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Select Comfort (SCSS), up 3.3%... Alliance Fiber Optic (AFOP), up 6.9%... eBay (EBAY), up 6.2%... Cheesecake Factory (CAKE), up 5.6%... O'Reilly Automotive (ORLY), up 3.8%... Corelogic (CLGX), up 3.2%... Skechers (SKX), up 2.5%... AT&T (T), up 1.3%. ALSO HIGHER: ARRIS Group (ARRS), up 24.9% after acquiring Pace plc. for $2.1B in cash and stock... Esperion Therapeutics (ESPR), up 2.5% after being initiated with an Outperform at RBC Capital... Uniqure (QURE), up 3.7% after being initiated with an Outperform at BMO Capital. DOWN AFTER EARNINGS: Texas Instruments (TXN), down 6.7%... Las Vegas Sands (LVS), down 4.2%... Oceaneering International (OII), down 3.7%... F5 Networks (FFIV), down 2.8%... Xilinx (XLNX), down 3.3%... Qualcomm (QCOM), down 3%... Facebook (FB), down 2.2%... Tractor Supply (TSCO), down 3.1%. ALSO LOWER: Noble Corp (NE), down 1.2% after being downgraded to Underweight from Equal Weight at Morgan Stanley.
18:27 EDTQCOMSemiconductor stocks under pressure after TI, Qualcomm report financial results
Semiconductor stocks are under pressure after earnings reports from Texas Instruments (TXN) and Qualcomm (QCOM). TEXAS INSTRUMENTS: TI reported first quarter results that were lower than analyst expectations, and gave second quarter guidance below consensus estimates. In its Q1 earnings press release, Texas Instruments said its outlook for Q2 is for earnings per share between 60c-70c and revenue in the range of $3.12B-$3.38B. "Our estimates assume continuing weakness in our communications equipment and personal electronics markets, particularly for wireless infrastructure equipment and PCs, respectively. We also do not expect a near-term rebound in foreign currency exchange rates. The annual effective tax rate for 2015 is expected to be about 30%." QUALCOMM: Qualcomm reported Q2 results that were better than analyst's average estimates, but lowered its fiscal year 2015 EPS and revenue views. Qualcomm CEO Steve Mollenkopf said, "While we remain confident in the significant growth opportunities ahead, we are reducing our QCT outlook for fiscal 2015, primarily due to the increased impact of customer share shifts within the premium tier and a decline in our share at a large customer." PRICE ACTION: In after-hours trading, shares of Texas Instruments are down over 6%, while Qualcomm shares are down almost 3%. Other publicly traded companies in the space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), NVIDIA (NVDA), Altera (ALTR), Xilinx (XLNX), and Maxim Integrated (MXIM).
16:30 EDTQCOMQualcomm down 2.3% to $67.35 after FY15 outlook lowered
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16:29 EDTQCOMQualcomm CEO says comprehensive review of cost structure initiated
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16:11 EDTQCOMQualcomm sees CSR acquisition closing by the end of summer 2015
Qualcomm (QCOM) said it has not included any estimates related to the proposed acquisition of CSR plc (CSRE) in its FY15 outlook. The acquisition is expected to close by the end of the summer of 2015. The company expects the acquisition to be accretive to Non-GAAP earnings per share in fiscal 2016, the first full year of combined operations.
16:09 EDTQCOMQualcomm sees Q3 EPS 85c-$1.00, consensus $1.14
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16:05 EDTQCOMQualcomm lowers FY15 EPS view to $4.60-$5.00, consensus $5.00
Qualcomm previously saw FY15 EPS $4.85-$5.05. Lowers FY15 revenue view to $25.0B-$27.0B from $26.3B-$28B, consensus $27.22B. The company is reducing its outlook for its semiconductor business, QCT, for the second half of fiscal 2015 primarily due to: the increased impact of customer share shifts within the premium tier, which will reduce our sales of its integrated Snapdragon processors and skew its product mix towards modem chipsets in this tier; and a decline in its share at a large customer.
16:02 EDTQCOMQualcomm reports Q2 EPS $1.40, consensus $1.33
Reports Q2 revenue $6.89B, consensus $6.83B.
15:30 EDTQCOMNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include eBay (EBAY), consensus 70c... Facebook (FB), consensus 40c... Texas Instruments (TXN), consensus 62c... Las Vegas Sands (LVS), consensus 72c... Qualcomm (QCOM), consensus $1.33... AT&T (T), consensus 62c... F5 Networks (FFIV), consensus $1.50... Plexus (PLXS), consensus 69c... Skechers (SKX), consensus $1.01... Select Comfort (SCSS), consensus 41c... Tractor Supply (TSCO), consensus 41c... Covanta (CVA), consensus (8c)... Crown Castle (CCI), consensus $1.09... Torchmark (TMK), consensus $1.05... Ameriprise (AMP), consensus $2.33... Polycom (PLCM), consensus 21c... Citrix (CTXS), consensus 65c... Core Laboratories (CLB), consensus 85c... Graco (GGG), consensus 78c... Cheesecake Factory (CAKE), consensus 48c... Equifax (EFX), consensus $1.02... SLM (SLM), consensus 7c... Xilinx (XLNX), consensus 50c... O'Reilly Automotive (ORLY), consensus $1.94... Susquehanna (SUSQ), consensus 18c... Raymond James (RJF), consensus 83c... SL Green Realty (SLG), consensus $1.49... CoreLogic (CLGX), consensus 31c... Oceaneering (OII), consensus 62c... Valmont (VMI), consensus $1.49... Brandywine Realty (BDN), consensus 32c... Weatherford (WFT), consensus 1c.
13:51 EDTQCOMQualcomm technical notes ahead of results
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April 21, 2015
08:41 EDTQCOMOptions expected to be active
Options expected to be active: UA TEVA PRGO MYL UTX QCOM VMW HOG CMG IBM VZ
06:36 EDTQCOMQualcomm April weekly volatility elevated into Q2 and outlook
Qualcomm April call option implied volatility is at 56, May is at 29, June is at 22, compared to its 26-week average of 22 according to Track Data, according to Track Data, suggesting large near term price movement into the expected release of Q2 results after the market close on April 22.
April 20, 2015
14:48 EDTQCOMQualcomm to have Samsung foundry make next high-end chip, Re/code says
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April 17, 2015
11:16 EDTQCOMRumor: Qualcomm active on activist investor speculation
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April 15, 2015
06:35 EDTQCOMSamsung says Galaxy S6 demand much stronger than expected, Reuters reports
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April 14, 2015
10:48 EDTQCOMAnalysts differ on Qualcomm after activist JANA presses for change
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10:01 EDTQCOMOn The Fly: Analyst Upgrade Summary
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08:12 EDTQCOMQualcomm businesses worth more together than apart, says Bernstein
After activist investor JANA Partners took a stake of over $2B in Qualcomm and advocated separating the company's chipset and licensing businesses, Bernstein disagrees with JANA, saying that the two businesses are probably worth much more together than they are apart. Bernstein is cautious about the long-term outlook of Qualcomm's business and keeps a Market Perform rating on the shares.
06:25 EDTQCOMQualcomm upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill upgraded Qualcomm to Buy and maintained its $80 price target citing valuation. The firm said negatives are widely known and positives include stabilizing royalty trends, potential margin improvement, and capital returns.
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