Qualcomm Inc. (NASDAQ: QCOM) reported fiscal second-quarter financial results after the markets closed on Wednesday. The company said it had $1.04 in earnings per share (EPS) on $5.5 billion in revenue. That compares to consensus estimates from Thomson Reuters of $0.96 in EPS on revenue of $5.34 billion. As a result, a few analysts weighed in on Qualcomm the stock after the report, and they seem favorable on it.
In the fiscal second-quarter of the previous year, Qualcomm reported $1.40 in EPS on $6.89 billion in revenue.
However, one argument against a favorable view of Qualcomm is its guidance for the fiscal third quarter. The company expects to have $0.99 in EPS on $5.8 billion in revenue. The consensus estimates call for EPS of $1.02 and $5.56 billion in revenue.
Earlier this month, Qualcomm announced a cash dividend of $0.53 per share, payable on June 22 to stockholders of record on June 1. The dividend represents a 10% increase over the prior quarterly dividend.
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