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Qualcomm reports quarterly GAAP EPS of $0.58


Wednesday, 19 Jul 2017 

July 19 (Reuters) - Qualcomm Inc ::Quarterly GAAP EPS $0.58.Quarterly non-GAAP EPS $0.83‍​.Quarterly GAAP revenues $5.4 billion.Q3 earnings per share view $0.81, revenue view $5.26 billion -- Thomson Reuters I/B/E/S.Q3 non-GAAP revenues $5.3​ billion versus $6 billion.Sees Q4 earnings per share $0.55 - $0.65‍​.Sees Q4 adjusted earnings per share $0.75 - $0.85.Sees Q4 revenue‍​ $5.4 billion - $6.2 billion.Sees Q4 MSM chip shipments 205 million - 225 million‍​.Says financial guidance for Q4 excludes QTL revenues related to the sale of Apple products by Apple's contract manufacturers ‍​.Q3 2017 GAAP and non-GAAP results were negatively impacted as a result of actions taken by Apple's contract manufacturers.Says due to actions by Apple's contract manufacturers, do not believe reported device sales, estimated ranges of device shipment, meaningful in measuring QTL business‍​.Says Q3 GAAP results included reduction in operating cash flow due to $940 million payment to Blackberry.Says Q3 GAAP results included reduction in operating cash flow also due to $927 million payment related to Korea Free Trade Commission (KFTC) fine.Q4 earnings per share view $0.90, revenue view $5.48 billion -- Thomson Reuters I/B/E/S.