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San Diego, California-based QUALCOMM Incorporated (QCOM) is a fabless semiconductor company. With a market cap of $202.1 billion, it operates through Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI) segments. The semiconductor giant is expected to release its Q3 earnings after the market closes on Wednesday, July 31.
Ahead of the event, analysts expect QUALCOMM to report a profit of $1.72 per share, up 22.9% from $1.40 per share reported in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS projections in each of the past four quarters. Its EPS for the last reported quarter grew 14.2% to $1.93 and exceeded the consensus estimates by 6%.