Earnings On Deck: QUALCOMM vs. SanDisk (QCOM, SNDK)
QUALCOMM Incorporated (NASDAQ: QCOM) is set to report earnings after the close of trading on Wednesday, while SanDisk Corporation (NASDAQ: SNDK) is set to report earnings after the close on Thursday. If it seems odd that a mobile processor and…
QUALCOMM Incorporated (NASDAQ: QCOM) is expected to report $0.98 EPS and $4.84 billlion in sales. At $66.80, the 52-week trading range is $45.98 to $68.87. More important than everything is that the market cap is now $113 billion.
SanDisk Corporation (NASDAQ: SNDK) already warned about sales, earnings, and margins and this conflicts with some of the expected strength from the smartphone and consumer electronics that QUALCOMM has been immune from so far. SanDisk is expected to report $0.70 EPS and revenues are expected to be $1.23 billion. At $40.82, the 52-week trading range is $32.24 to $53.46.
What is obvious today is that the strength is expected to be geared toward QUALCOMM while the caution is geared toward SanDisk.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.