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Actionable news in QCOM: QUALCOMM Incorporated,

Qualcomm earnings: 92 cents per share vs 81 cents EPS expected

Qualcomm reported quarterly earnings and revenue that beat analysts' expectations.

Here's how Qualcomm did compared to what Wall Street expected:

  • Earnings per share of 92 cents vs. 81 cents expected, according to Thomson Reuters
  • Revenue of $5.96 billion vs $5.8 billion expected, according to Thomson Reuters

Qualcomm is engaged in a costly legal battle with Apple over licensing terms for chips used in the iPhone and iPad.

In January, Apple sued Qualcomm for roughly $1 billion, claiming that the chipmaker had withheld payments it owed, and that Qualcomm charged unfairly high "royalties for technologies they have nothing to do with."

Apple's January suit came days after the U.S. Federal Trade Commission filed an anti-trust case against Qualcomm for allegedly using its dominant position in the market to charge high royalties for patented technologies that are "essential to industry standards."

Qualcomm, in turn, asked U.S. trade regulators in July to halt the sale of imported iPhone and iPads in the United States. The chipmaker alleges that technology purchased by Apple from its rival Intel violated six of Qualcomm's patents.

Apple has designed iPhones and iPads that would no longer use Qualcomm chips, according to Reuters, citing two people familiar with the matter.

Qualcomm shares are down more than 18 percent year to date.

Reuters contributed to this report.


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