Qualcomm Stock Prediction
Summary:
Qualcomm Incorporated is an American multinational semiconductor and telecommunications equipment company that develops, designs, manufactures, and markets digital communications products and services. Qualcomm’s main goal is to invent mobile technology breakthroughs. QCOM’s technologies powered the smartphone revolution pioneering 3G and 4G. Moreover, it revolutionized industries, including automotive, computing, IoT, healthcare and data center, while it allows millions of devices to connect with each other. The company has most of its revenues from chipmaking and the bulk of its profits from its patent licensing businesses. QCOM is among the members of the S&P 100. Founded in 1985, Qualcomm has its headquarters in San Diego, California.
Qualcomm Releases Its Fourth Quarter and Fiscal 2017 Results
On November 1st, Qualcomm released its Fourth Quarter and Fiscal 2017 Results ended September 24. According to CEO Steve Mollenkopf, QCOM results reflected continued product leadership and profitability improvement in their semiconductor business.
The company presented fourth quarter revenues of $5.9 billion, showing an increase of 10% from its previous quarter, when it was $5.4 billion. QCOM operating cash flow grow 16% in a year-over-year change, reaching $2.4 billion in this quarter. Moreover, Qualcomm operating income and net income were respectively $0.3 billion and $0.2 billion in the Q4 fiscal 2014. Its diluted earnings per share stayed at $0.11.
According to the Non-GAAP results, the company showed an increase in its revenues, operating income, net income and diluted earning per share in comparison with the previous quarter, as you can see bellow. According to QCOM Non-GAAP Fiscal 2017, the company’s revenues of $23.2 billion decreased only 1% from Fiscal 2016, when it was $23.5 billion.
