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Actionable news in QCOM: QUALCOMM Incorporated,

Qualcomm beats fiscal Q2 estimates but disappoints on Q3 outlook, again


Chipmaker Qualcomm (QCOM - Get Report) on Wednesday beat analyst estimates and said it had resolved a dispute with customer LG Electronics in the quarter ended March 27 but still saw revenue slide 19.5% to $5.55 billion, a less severe slide than the $5.34 billion analysts had expected.

Qualcomm is a holding in David Peltier's Dividend Stock Advisor. Learn more here.

In its fiscal second quarter, Qualcomm said EPS, excluding one-time items, slipped 26% to $1.04, above the $0.96 forecast by analysts. Including exceptional items, most notably the sale of U.K. cellphone frequencies in the U.K., the company saw EPS gain 24% to $0.78.

Just as it has with past earnings releases, Qualcomm gave lower-than-expected guidance for the current...