Sterne Agee analyst Vijay Rakesh expects that Qualcomm Inc.'s (Nasdaq: QCOM) fiscal fourth-quarter results will meet Wall Street's expectations, but he warned that shares may be volatile immediately after the mobile phone chip company reports.
Several other companies that are suppliers to Apple Inc.'s iPhone — such as Skyworks Solutions Inc. and Cirrus Logic Inc. — are down 10 percent to 15 percent after giving guidance that either met or was better than Wall Street's expectations, he said.
But he remains optimistic about the company's long-term prospects and kept a “Buy” rating on the shares.
Analysts polled by FactSet expect Qualcomm to post earnings of 82 cents per share and revenue of $4.67 billion for the fourth quarter.
Shares added $1.13, or 1.9 percent, to close Monday at $60.43.
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Aug. 10, 2015 -- Reporter Katherine Connor speaks with Andrew Newton, a patent counsel at Qualcomm Inc. and a 2015 Top Attorney, about his work in the ever-changing world of patent law.
June 12, 2013 -- Reporter Tierney Plumb speaks with Tim McDonough, vice president of marketing for Qualcomm CDMA Technologies, about the latest technologies at the E3 Expo at the Los Angeles Convention Center on Wednesday.
Nov. 30, 2010 -- Executive Editor George Chamberlin speaks with Don Jones, VP of Health & Life Sciences for Qualcomm, about the wireless health industry in San Diego.