"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.
Washington Wizards start in the right direction in Game 1
Wall scored 15 points in the third quarter and finished with 14 assists in the best playoff performance of his young career. But if the Wizards win this first series, John Wall will nearly certainly be the one who leads them to victory.
Max Scherzer, Nationals beat Braves
NY trailed 2-0 with two outs in the sixth before Bruce lined a three-run homer off frustrated starter Vince Velasquez. Meanwhile, we've already seen at least one hitter benefit from the shortened power alley in right center field.
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.
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".
Atlas Copco expands production facility in Hyderabad
Principal product development and manufacturing units are located in Sweden, the United States, Canada, China and India. The expansion at the plant, which already employs over 200 people, will generate about 35 additional jobs, it added.
West Virginia governor signs medical marijuana bill
Richard Ojeda (D-Logan) and substantially amended in the House before receiving final legislative approval on April 6. Medical cannabis is still illegal under federal law, though it is not a prosecution priority for the U.S.
What to know about Air Defense Identification Zones
According to a USA official, a pair of Russian bombers flew close to Alaska, they came within 35 nautical miles of the coastline. Two Russian TU-95 bombers came within 100 miles south of Kodiak Island last Monday.
Evacuations in New Zealand as Cyclone Cook nears
Cyclone Cook has arrived in New Zealand coastal waters this morning and MetService is following its movement very closely. Authorities are now anxious about how Cyclone Cook will impact land that is already saturated from heavy rains.
Emirates Cuts Flights to U.S. Following Drop in Demand
The airline announced today that it is slashing more than half of its USA gateway routes of nonstop flights from Dubai . But the new rules seem to be eating into demand regardless, which is why the airline said it was cutting back .
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.