Qualcomm Sales May Miss Estimates as Legal Fights Loom
- CEO Mollenkopf calls Apple suit regrettable commercial dispute
- Chipmaker says it has no indication royalty payments will stop
Qualcomm Gives Murky Forecast, Glass Half Empty?
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Qualcomm Inc. forecast sales and profit for the current period that may miss estimates, providing investors with a window into its business ahead of a fight to defend its most profitable unit from regulatory and legal attacks around the world.
Revenue in the chipmaker’s second quarter will be $5.5 billion to $6.3 billion, the company said Wednesday in a statement. Profit before certain items will be $1.15 to $1.25 a share. That compares with the average analysts’ projection for sales of $5.9 billion and profit of $1.19 a share, according to data compiled by Bloomberg.