Qualcomm Q3 earnings

Qualcomm has released a business volume for the June quarter well below badysts' expectations, as well as disappointing forecasts for the September quarter on Wednesday.

The stock fell 5% in after-hours transactions.

Here's how the company has met expectations:

• Earnings: $ 0.80 per share, excluding certain items, versus $ 0.75 expected according to badysts surveyed by Refinitiv
• Returned: $ 4.89 billion versus $ 5.08 billion forecast

Qualcomm said EPS would be between $ 0.65 and $ 0.75 per share (adjusted) for a fourth fiscal quarter ending in September on revenues of between $ 4.3 billion and $ 5.1 billion. Analysts expected EPS of $ 1.08 on a turnover of $ 5.63 billion.

Third quarter figures do not include a one-time payment from Apple totaling approximately $ 4.7 billion, or $ 3.23 per share, under a legal agreement between the two companies on chip licenses.

"In the third quarter of fiscal 2019, we recorded licensing proceeds of $ 4.7 billion resulting from settlement, consisting of a payment from Apple and the release of some of our obligations to pay liabilities related to the customer base of Apple and its subcontractors, "said Qualcomm. in his statement.

Qualcomm also added that Apple had paid license fees to Qualcomm during the quarter, which was not the case in 2018 or in the first two quarters of fiscal 2019.

During the quarter ending in June, Federal Courts ruled against Qualcomm in a case brought by the FTC over its licensing business practices. Qualcomm stated that it did not believe that the decision had a significant impact on the license revenues of the company.