reaffirmed the third-quarter financial guidance the company previously provided on April 20, saying it expects revenue of $1.26 billion to $1.36 billion for the period ending June 26.
The company indicated after the close of regular trading Wednesday that it still expects earnings before items of 24 cents to 26 cents a share for the quarter. A year ago, the company earned 29 cents a share on revenue of $1.3 billion.
Qualcomm made the announcement ahead of its analyst meeting for institutional investors and equity analysts on May 5.
Shares of Qualcomm ticked down 4 cents to $35.61 in after-hours trading from $35.65 at the close of the regular