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Wednesday, July 20, 2005

Qualcomm Beats Estimates

Qualcomm beat Wall Street estimates with earnings of $0.33 in Q3 compared to the $0.25 estimate. Pro-forma earnings were $0.28 vs. $0.25 estimate. Qualcomm raised FY guidance to $1.13-$1.15 from $1.10-$1.14. The stock traded up 4.00% in the after hours. Keep it on your radar tomarrow along with Broadcom (BRCM), Juniper (JNPR), and F5 (FFIV).

This is good news for the call I bought before the bell.

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