"The first quarter was a strong start to the year with accelerating growth in active buyers, revenue and our core USA business", eBay President and Chief Executive Officer Devin Wenig said in a statement.
"For what it's worth, we believe Apple could account for as much as a third of Qualcomm's royalty business, likely $2 billion-plus annually", said Bernstein Research Analyst Stacy Rasgon in a report titled "Can a bad apple really spoil the barrel?" QCT revenues rose to $3.7 billion on 179 million MSM chip shipments.
Revenue in the three months ended in March rose 8%, year over year, to $6 billion, yielding EPS of $1.34, non-GAAP. Segment operating margin jumped 5% to $1.96 billion.
Qualcomm's non-GAAP revenue excludes a almost $1 billion reduction of revenue related to an arbitration agreement with BlackBerry.
Qualcomm still expects its acquisition of NXP Semiconductors to close by the end of 2017. But it could become somewhat clearer when the San Diego wireless giant reports licensing revenue for the quarter ending in March and forecasts what it expects for the current quarter ending June 30.
Can Starbucks (SBUX) Stock Break the Recent Trading Range?
Therefore 65% are positive. 04/18/2017 - Starbucks Corporation had its "outperform" rating reiterated by analysts at Oppenheimer. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 2.67 on scale of 1-5.
Non-GAAP EPS is expected in the range of $0.90 to $1.15, compared with $1.16 during the prior-year period. Adjusted net income totaled $2 billion compared with $700 million in GAAP net income.
The company warned on Wednesday that it was unclear whether Apple's contract manufacturers would underpay royalties owed in the third quarter.
Qualcomm fired back at the iPhone maker last week, saying Apple had breached agreements with the firm. "Our performance reflects continued execution of our strategy to lead the mobile industry across a broad set of technologies, including advanced LTE and 5G, and accelerate our growth opportunities beyond mobile into automotive, IoT, security and networking".
Apple claims that Qualcomm "reinforces its dominance" through exclusionary tactics and high patent licensing fees, charging Apple "at least five times more" in payments than other cellular patent licensors.
In the long run, Arcuri said Qualcomm "appears to have a strong case, and Apple's record in winning similar litigation is poor".
Trump says shooting in Paris looks like 'terrorist attack'
ET) when a vehicle stopped at 102 Champs-Elysees in front of a police van, Interior Ministry spokesman Pierre Henry Brandet said. Although an anti-terror probe has been opened, other reports said the shooting could have been an attempt at an armed robbery.
Yamana Gold Inc. (NYSE:AUY) EPS Analysis
Stocks with high EPS growth rates compared with year-ago levels suggest a company has products or services in strong demand. TRADEMARK VIOLATION NOTICE: This piece of content was published by The Cerbat Gem and is owned by of The Cerbat Gem.