QUALCOMM Inc. Issues Q3 2012 Guidance; EPS Guidance Below Analysts' Estimates; Raises FY 2012 Guidance

QUALCOMM Inc. announced that for the third quarter of 2012, it expects revenues of $4.45-$4.85 billion, non-GAAP diluted earnings per share (EPS) to be $0.83-$0.89 and GAAP EPS to be $0.67-$0.73. For fiscal 2012, it expects revenues of $18.7-$19.7 billion, non-GAAP diluted earnings per share to be $3.61-$3.76 and GAAP EPS to be $3.41-$3.56. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.80 billion, EPS of $0.90 for third quarter of 2012; revenue of $19.4 billion and EPS of $3.77 for fiscal 2012.