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Qualcomm cuts outlook again as Snapdragon sales slow
2015-04-23 08:10:00| Telecompaper Headlines
(Telecompaper) Qualcomm lowered its full-year outlook, citing a loss of customer share, particularly with one large customer, in the premium smartphone market. The chipmaker also announced a major cost review in an aim to shore up its margins. The news came alongside results for its fiscal second quarter to March, showing revenues up 8 percent year-on-year to USD 6.9 billion, in line with the company's outlook. MSM shipments rose 24 percent to 233 million, also as expected. Operating profit fell 33 percent to USD 1.3 billion, and EPS was down 45 percent to USD 0.65, well below Qualcomm's forecast due to a USD 975 million charge for the competition fine received in China. For the full fiscal year, Qualcomm now expects revenues of USD 25.0-27.0 billion, down from an earlier outlook of USD 26.3-28.0 billion and equal to a decrease of up to 6 percent from the previous year. EPS is expected to drop 21-29 percent to USD 3.28-3.68. In addition to lower Snapdragon revenues and a higher share of modems in its sales, Qualcomm expects it will still take time for its sales in China to recover after the competition investigation, as licensees evaluate its new terms agreed with the government there. The outlook does not include the planned takeover of CSR, which is now expected to close towards the end of the summer. Qualcomm also updated its forecast for 3G/4G device shipments this calendar year to reflect higher reporting in the grey market. IT now estimates sales of 1.174-1.190 billion devices, versus earlier guidance of 1.135-1.175 billion. For its fiscal third quarter, Qualcomm forecast revenues down 9-21 percent year-on-year to USD 5.4-6.2 billion, and EPS falling 37-49 percent to USD 0.67-0.82.
Intel cuts FY outlook to flat sales
2015-04-15 08:15:00| Telecompaper Headlines
(Telecompaper) Intel reported first-quarter revenue of USD 12.8 billion, unchanged from the year-earlier period and down 13 percent from the previous quarter. The result was in line with its earlier forecast cut, which it blamed on a weak business market for desktop PCs and supply chain shortages in the PC industry. The slower demand for PCs offset double-digit revenue growth in the company's data centre, IoT and memory businesses. Quarterly operating profit was still up 4 percent year-on-year to USD 2.6 billion, and net profit rose to USD 2.0 billion or 41 cents a share from USD 1.9 billion or 38 cents a share a year ago. Intel expects a seasonal recovery in revenues in the second quarter to around USD 13.2 billion. The gross margin should also improve around 1.5 percent points from Q1 to 62 percent. Over the full year, the company lowered its outlook to flat revenues and a gross margin of 61 percent.
Tags: sales
flat
intel
outlook
Kansas City Southern Cuts 2015 Outlook
2015-03-23 14:18:45| Railroads - Topix.net
Kansas City Southern on Monday cut its full-year revenue outlook and gave weak guidance for its current quarter, citing sluggishness among energy customers. The railroad operator said it now expects to post low single-digit revenue growth in 2015, compared with its previous call for mid single-digit growth.
Tags: city
southern
kansas
outlook
Airgas cuts outlook again as manufacturing weighs
2015-03-20 15:53:35| Chemicals - Topix.net
Airgas, which supplies canisters of oxygen, argon and other gases to various industries, has seen its results weighed by sluggish economic growth. The company now expects per-share earnings between $1.13 and $1.16, down from its previous range of $1.25 to $1.30.
Tags: manufacturing
outlook
cuts
weighs
Intel cuts Q1 revenue outlook on weak PC market
2015-03-12 15:10:00| Telecompaper Headlines
(Telecompaper) Intel has cut its outlook for revenues in the first quarter, citing a weak business market for desktop PCs and supply chain shortages in the PC industry. The world's largest chipmaker now expects revenue of USD 12.8 billion for Q1, plus or minus USD 300 million, compared to the previous forecast of USD 13.7 billion, plus or minus USD 500 million. Intel said the weaker market may be due to slower Windows XP replacements in the small business market than previously expected, as well as the "increasingly challenging macroeconomic and currency conditions, particularly in Europe". The company noted that its data centre business is meeting expectations. Intel maintained its outlook for a gross margin of around 60 percent, as the lower PC volumes were offset by higher average selling prices. It will update its longer-term guidance when it reports quarterly results 14 April.
Tags: market
revenue
intel
weak
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