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Qualcomm (NASDAQ: QCOM) -3.9% beats Q2 estimates with a 6% drop in revenue. Expected revenue for the third quarter is $ 4.7 to $ 5.5 billion (ex-Apple settlement), with $ 4.5 to $ 4.7 billion expected, including a payment from AAPL. and the release of repayment / refund obligations from AAPL and other subcontractors.
QCT breakdown: revenues, $ 3.72 billion (-4% yoy); EBT, $ 542 million (-11%); MSM shipments, 155M (-1%).
QTL: revenue, $ 1.1 billion (-8% y / y); EBT, $ 674 million (-17%).
Press release.
The results call starts at 4:45 pm ET with a webcast here.
Previously: Qualcomm beats $ 0.06, beats turnover (May 1)
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