Qualcomm Forecasts Sales That May Miss Estimates

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Nov. 6 (Bloomberg) -- Qualcomm forecast fiscal first-quarter revenue that may fall short of analysts’ estimates amid a shift to less-expensive handsets. Julie Hyman and Cory Johnson report on Bloomberg Television's "Street Smart." (Source: Bloomberg)

We have a lot more coming.

Can we talk about qualcomm?

Yes.

A huge chipmaker that missed estimates, $1.05, one dollar at -- one dollar eight cents is what had been estimated.

They are also talking about their forecast for the first quarter, $1.10 to $1.20 is the forecast for the first quarter.

It looks like it that is short of what analysts had anticipated . potentially some negative news here for qualcomm.

Check it out, we have other stuff going here as well.

Is cory johnson joining us?

Ok, cory johnson.

We are always happy to see you.

Take it away.

The bulk of the numbers are interesting.

Looking at the macro picture, you see them on the top line doing ok but on the bottom line not.

The guidance for the next four are what people will be looking at.

The same quarter last year that did $1.26, you want to compare that to what people like to do with $1.28, which is what the expectations were, indeed below what they did one year ago.

This business of chips into mobile phones has seen tremendous growth, but one wonders how much more there is in this business when a lot of that growth is going to come from cheaper chips and cheaper phones with less profit margin.

It is -- all right, we have more also, lots of numbers crossing.

What were you going to say?

Sometimes it is impossible to feign interest in companies like qualcomm.

I do not want cory to be yes.

A huge chipmaker that missed estimates, $1.05, one dollar at -- one dollar eight cents is what had been estimated.

They are also talking about their forecast for the first quarter, $1.10 to $1.20 is the forecast for the first quarter.

It looks like it that is short of what analysts had anticipated . potentially some negative news here for qualcomm.

Check it out, we have other stuff going here as well.

Is cory johnson joining us?

Ok, cory johnson.

We are always happy to see you.

Take it away.

The bulk of the numbers are interesting.

Looking at the macro picture, you see them on the top line doing ok but on the bottom line not.

The guidance for the next four are what people will be looking at.

The same quarter last year that did $1.26, you want to compare that to what people like to do with $1.28, which is what the expectations were, indeed below what they did one year ago.

This business of chips into mobile phones has seen tremendous growth, but one wonders how much more there is in this business when a lot of that growth is going to come from cheaper chips and cheaper phones with less profit margin.

It is -- all right, we have more also, lots of numbers crossing.

What were you going to say?

Sometimes it is impossible to feign interest in companies like qualcomm.

I do not want cory to be offended.

Really?

How can you say that to me?

I did not want to hurt your feelings, but i know it is a

This text has been automatically generated. It may not be 100% accurate.

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