Post-earnings stock watch: QUALCOMM Incorporated (NASDAQ:QCOM)

QUALCOMM Incorporated (NASDAQ:QCOM) reported earnings for the three months ended Mar2016 on April 20, 2016. The company earned $1.04 per share on revenue of $5.54B. Analysts had been modeling earning per share of $0.96 with $5.34B in revenue.

QUALCOMM Incorporated develops, designs, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, the United States, and internationally. The company operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies for use in voice and data communications, networking, application processing, multimedia, and global positioning system products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of certain wireless products comprising products implementing CDMA2000, WCDMA, CDMA TDD, and/or LTE standards, as well as their derivatives. The QSI segment invests in early-stage companies in various industries, including digital media, e-commerce, healthcare, and wearable devices for supporting the design and introduction of new products and services for voice and data communications, as well as holds wireless spectrum. The company also develops and offers products for implementation of small cells, as well as for data centers; mobile health products and services; software products, and content and push-to-talk enablement services to wireless operators; development, and other services and related products to the United States government agencies and their contractors; and software products that enable wireless learning for educators and students. QUALCOMM Incorporated was founded in 1985 and is headquartered in San Diego, California.

QUALCOMM Incorporated earnings per share showed a decreasing trend of -26.9% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 464%.Analysts project EPS growth over the next 5 years at 11.33%. It has EPS annual growth over the past 5 fiscal years of 8.7% when sales grew 18.1. It reported -19.5% sales drop, and 23% EPS growth in the last quarter.

The stock is trading at $54.92, up 32.5% from 52-week low of $42.24. The stock trades down -19.53% from its peak of $70.05 and 3.64% above the consensus price target of $56.92. Its volume clocked up at 15.09 million shares which is higher than the average volume of 10.1 million shares. Its market capitalization currently stands at $81.19B.