Qualcomm reports fiscal Q3 results today after the bell, and analysts at Bernstein and BMO say they're not sure the Street's consensus for results has modeled everything correctly, even as investors remain preoccupied with the company's legal battle with Apple and its $45 billion attempt to buy NXP Semi. - From http://www.barrons.com/articles/qualcomm-fyq3-estimates-tricky-with-apple-nxp-distractions-1500482618
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Analysts are, on average, modeling revenue of $5.28 billion, and EPS of 83 cents, excluding some costs, which is about at the middle of the forecast Qualcomm gave on April 28th for $4.8 billion to $5.6 billion, and 75 cents to 85 cents, when the company cut its outlook after stating Apple (AAPL), its top customer, continues to direct manufacturers of the iPhone to withhold royalty payments due to Qualcomm on the device.
Obviously, the legal battle with Apple casts a shadow over the quarter, and is a greater focus for the Street than the immediate quarterly results.
With the NXPI deal, he notes "with recent pressures and incremental delay from the EU, as well as activist involvement that may serve to raise the price, none of which appears hugely supportive at the moment." IBM Not Changing Hearts and Minds; Slowing of 'Strategic Imperatives' Gives Pause Facebook: Less Competition from Snap as They Reach Mobile 'Monopoly,' Says Needham This copy is for your personal, non-commercial use only.