ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Dalal Street Corner: Softening crude, FIIs turning net buyers allow market to close on high note; what should investors do on Th
  • Gold Price Outlook: Yellow metal on slippery ground; experts give intraday trading strategy, outlook
  • Will oil prices surge to $380 or slump to $45—What JP Morgan, CITI reports say?
  • MF industry's asset base rises 14% to Rs 37.75 lakh cr in June quarter
  • TVS Motor drives in new bike 'Ronin' priced at Rs 1.49 lakh
Read in App
Business News » World News

Qualcomm revenue forecast meets estimates, signs contract with Huawei

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App

Qualcomm Inc forecast current-quarter revenue that met analysts` expectations and said it had negotiated a new interim contract with Huawei Technologies that added to revenue in the quarter, sending its shares up 4 percent after the bell.

The new interim contract with Huawei means the only big dispute Qualcomm has with a customer now is with Apple, after it resolved its disputes with Samsung Electronics last year.

Qualcomm`s forecast comes as a relief to investors after a bunch of other chipmakers, including Taiwan Semiconductor Manufacturing Co, Samsung and Intel Corp, delivered lower-than-expected sales forecasts this month, citing economic weakness in China.

Modem chip shipments fell 21.5 percent to 186 million, but were better than analysts estimate of 185.4 million, according to FactSet.

Qualcomm said it expects current-quarter revenue to be between $4.4 billion and $5.2 billion, meeting analysts` estimate of $4.80 billion at the midpoint, according to IBES data from Refinitiv.

Net income attributable to Qualcomm was $1.07 billion, or 87 cents per share, for the first quarter ended Dec. 30, compared with a loss of $5.98 billion, or $4.05 per share, a year earlier when it took a $6 billion tax charge.

Excluding items, the company earned $1.20 per share.

Revenue fell 20 percent to $4.84 billion, slightly missing the analyst average estimate of $4.90 billion.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
Updated: Thu, Jan 31, 2019
03:11 am
Reuters
RELATED NEWS
Government notifies procedural changes in GST rules - details here Government notifies procedural changes in GST rules - details here
PM Modi inaugurates Digital India Week, hails technology for its role in the pandemic PM Modi inaugurates Digital India Week, hails technology for its role in the pandemic
Pricing flexibility, lower credit cost to help revive NBFC-MFIs profitability this fiscal: Report Pricing flexibility, lower credit cost to help revive NBFC-MFIs profitability this fiscal: Report
Crisil cuts FY23 GDP growth estimate to 7.3% Crisil cuts FY23 GDP growth estimate to 7.3%
US stocks see worst first half drop in over 50 years US stocks see worst first half drop in over 50 years

LATEST NEWS

New COVID-19 Omicron sub-variant BA.2.75 detected in countries like India: WHO

IRCTC to launch many trains on 'Bharat Gaurav' theme soon; tour duration, package cost and more- All you need to know

Opening Bell: Nifty above 16,100, Sensex gains 400 points; Titan top gainer

Sports tech startup Hudle raises USD 1 mln

Scope for reducing edible oil prices by Rs 20 per litre, says government; directs companies to pass on benefits of reduced prices to people

Government may launch 'Jago Grahak Jago' mascot soon: Know how it will differ from ‘Sayani Rani’

DEA Secretary Ajay Seth says RBI's well thought thorough measures keeping economy in good shape; says will impact foreign flows positively

Government restricts exports of flour, other derivatives from July 12

Gold Price Outlook: Yellow metal on slippery ground; experts give intraday trading strategy, outlook

Insurtech startup Ensuredit raises $4.2 mn from Cover Genius, others

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV