Qualcomm's Results May Be Overshadowed by Apple, FTC Lawsuits
Qualcomm will report its fiscal first-quarter earnings Wednesday after the markets close.
Shares of the cellphone chip designer are in focus as it prepares to report its fiscal first-quarter results on Wednesday after markets close. Wall Street expects Qualcomm (QCOM) - Get Report to report earnings of $1.18 a share on revenue of about $6.1 billion. On Friday, Apple (AAPL) - Get Report filed a $1 billion lawsuit against Qualcomm saying the company would not licence its technology to other manufacturers creating a stronghold on the market.
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