Tag Archives: Estimates

Qualcomm Misses Revenue Estimates, Defends Licensing Model

Qualcomm Inc reported a lower-than-expected 3.9 percent rise in quarterly revenue on Wednesday, and defended its licensing model in the face of multiple legal challenges over its alleged “anticompetitive” tactics. The company’s shares were down 3.8 percent at $54.75 in aftermarket trading. The US Federal Trade Commission and Apple Inc have sued Qualcomm accusing it of resorting to “anticompetitive” tactics ... Read More »

Samsung Q1 Profit Beats Estimates on Galaxy S7 Sales Boost

Samsung Electronics reported Thursday a better-than-expected operating profit for the first quarter likely driven by strong sales of its flagship Galaxy S7 smartphones that made an early global debut at cheaper prices. The South Korean tech juggernaut put its January-March operating profit at KRW 6.6 trillion ($5.7 billion or roughly Rs. 37,974 crores) in its earnings preview. That represents a ... Read More »