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Actionable news in QCOM: QUALCOMM Incorporated,

Qualcomm's Business More Important Than its Numbers on Earnings Day


Although Qualcomm (QCOM - Get Report) is expected to report its fourth consecutive quarter of falling sales, investors Wednesday will instead be checking the brightness of the light at the end of the tunnel when the chipmaker reports earnings for the quarter ended March 31, the company's fiscal second quarter.

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

Analysts are forecasting a 22% sales drop to $5.34 billion for the quarter with EPS, excluding one-time items, of $0.96, a 31% decrease over the second fiscal quarter of 2015.

The weak earnings highlight the setbacks the San Diego-based company has spent most of the fiscal year overcoming.

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It won back electronics company Samsung Corp., which is using Qualcomm's Snapdragon 820 chip in its new flagship line of Galaxy S7 phones...