Qualcomm (QCOM): FQ1 EPS of $.97 beats by $0.07. Revenue of $4.68B (+40% Y/Y) beats by $100M. Expects FQ2 revenue of $4.6B-$5B and EPS of $0.91-$0.97, above consensus of $4.5B and $0.89. Expects FY12 revenue of $18.7B-$19.7B and EPS of $3.55-$3.75, mostly above consensus of $18.48B and $3.59. Qualcomm's FQ1: Shipped 156M MSM baseband chips, up 32% Y/Y. Expects 146M-154M MSM shipments in FQ2, up 24-31% Y/Y. Collected royalties on 191M-195M devices at ASP of $212-$218, up from FQ4's $204-$210 thanks to strong smartphone sales. Sees FY12 device ASP of $204-$216. Ended quarter with $22B in cash and investments. QCOM +4.7% AH..
Qualcomm (QCOM) resistance level is $65 and support level is $58.
Qualcomm (QCOM) resistance level is $65 and support level is $58.
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