What to Expect From Qualcomm's Q3 Earnings
Qualcomm (NASDAQ: QCOM) investors will be hoping for a turnaround when the company releases its third-quarter fiscal 2017 results on Wednesday, July 19. The stock has been down so far this year as it has been dealing with a number of problems, such as the company's tiff with Apple over royalties, and a shrinking market share in smartphone chips.
Because of the Apple royalty dispute, Qualcomm had to shave off $500 million from its third-quarter revenue guidance, and scale down its earnings forecast by a wide margin. Therefore, investors won't be expecting too much from the company's upcoming results, though they will be hoping for a stronger outlook so that the stock can get a boost after sliding close to 15% this year.
Image source: Qualcomm.
Source: Fool.com
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