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Qualcomm lowers outlook on order woes, competition in China
2015-01-29 09:16:00| Telecompaper Headlines
(Telecompaper) Qualcomm said revenues for its fiscal first quarter to 28 December rose 7 percent from the year earlier to USD 7.1 billion, with the operating profit jumping 38 percent to USD 2.1 billion, the net profit going 7 percent higher to USD 2.0 billion and diluted earnings per share lifting 7 percent to USD 1.17. The operating cash flow was down 15 percent to USD 2.1 billion, and at the end of the quarter, the company had cash of USD 31.6 billion. MSM chip shipments rose 27 percent to 270 million units, while total reported device sales slipped 8 percent to USD 56.4 billion. CEO Steve Mollenkopf said that despite the strong quarter, the company was lowering its revenue outlook for the semiconductor business for the first half and its EPS forecast. The changes reflect the company's revised expectations related to OEM mix, sales to a large customer and heightened competition in China. Mollenkopf added that Qualcomm resolved its dispute with a licensee in China and that the country continued to present significant opportunities, particularly with the rollout of 3G/4G multimode. Nevertheless, the company is still the subject of an investigation by the China National Development and Reform Commission and Qualcomm continues to believe that certain licensees in China are not fully complying with their contractual obligations.
Tags: order
china
competition
outlook
FedEx Recommits to 2015 Forecast as UPS Lowers Earnings Outlook
2015-01-24 00:55:53| Air Courier - Topix.net
Minutes after UPS sent its stock tumbling with a surprise warning that fourth-quarter profit was cut by surging costs, FedEx took an unusual step. The competing package-delivery company issued a succinct statement meant to reassure investors: We're sticking with our forecast for 2015 profit.
Tags: ups
outlook
earnings
forecast
FedEx Recommits to 2015 Forecast as UPS Lowers Earnings Outlook
2015-01-24 00:10:50| Trucking - Topix.net
Minutes after UPS sent its stock tumbling with a surprise warning that fourth-quarter profit was cut by surging costs, FedEx took an unusual step. The competing package-delivery company issued a succinct statement meant to reassure investors: We're sticking with our forecast for 2015 profit.
Tags: ups
outlook
earnings
forecast
Bon-Ton lowers outlook and says CFO to retire
2015-01-21 12:26:00| Daily apparel & textile news and comment - from just-style.com
US department store retailer The Bon-Ton Stores has lowered its full-year earnings guidance and announced the retirement of chief financial officer Keith Plowman.
D.A. Davidson Lowers Price Target On Wolverine World Wide As...
2015-01-14 08:27:44| Footwear - Topix.net
In a report published Tuesday, D.A. Davidson analyst Andrew Burns reiterated a Buy rating on Wolverine World Wide, Inc. , but lowered the price target from $35.00 to $32.00. In the report, D.A. Davidson noted, "4Q revenue upside, EPS hits high end of range.
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