Qualcomm forecast current-quarter adjusted profit of $0.90-$1.15 per share and revenue of $5.3 billion-$6.1 billion.
"The first quarter was a strong start to the year with accelerating growth in active buyers, revenue and our core US business", eBay President and Chief Executive Officer Devin Wenig said in a statement.
Total reported sales of licensed devices increased by 18% year over year to $82.6 billion. Segment operating income rose 179% to $475 million. Net income fell from $1.2 billion last year to $700 million this year.
The quarter included a $974 million reduction to revenue, or 48 cents per share, related to the BlackBerry arbitration decision, Qualcomm said on Wednesday.
Qualcomm also noted that it expects its acquisition of NXP Semiconductor to close by the end of 2017.
"Given our work showing that Apple royalties may represent close to 30% of earnings at QCOM, we believe this could result in materially weaker EPS guidance for FQ3 than we or the Street are forecasting", he explained.
MSM chip shipments are expected between 180 million and 200 million, down 10% to flat year over year. Apple is now suingQualcomm for charging excessive royalties and withholding payments.
Qualcomm published second quarter financials Wednesday that topped estimates but warned that its looming legal battle with Apple could affect its outlook. "Our performance reflects continued execution of our strategy to lead the mobile industry across a broad set of technologies, including advanced LTE and 5G, and accelerate our growth opportunities beyond mobile into automotive, IoT, security and networking".
However, Qualcomm Chief Executive Steve Mollenkopf said on a post-earnings call that the company expected to continue to be an "important supplier to Apple now and into the future".
Apple claims that Qualcomm "reinforces its dominance" through exclusionary tactics and high patent licensing fees, charging Apple "at least five times more" in payments than other cellular patent licensors.
Shares of Qualcomm were down 0.5% to $52.41 on Wednesday afternoon and are off almost 20% year to date. It's not a done deal yet, but Qualcomm remains confident that any hurdles will be overcome.
Albert Gator is enjoying Internet fame, after protecting a young fan from a foul ball and instead taking the brunt of the bounce. The mascot uses his arms and body to protect the boy and the foul ball ends up bouncing off Albert Gator's foam-filled head.
The notion of border adjustment has received a cold reception in the Senate, and Trump has given conflicting comments about it. California, Connecticut, Maryland and OR have May 1 deadlines for rate submissions, and NY plans to keep its May 15 deadline.
Polls suggest that the 58-year-old Barghouti is the most popular choice among Palestinians to succeed the 82-year-old Abbas. Israeli Prison Service (IPS) spokesman Assaf Librati warned that the hunger strikers would face punishment.
One widely shared US Weekly article cited "a family insider" as saying Melania Trump was considering staying in Trump Tower. In the footage, the U.S. president signs the red cap with a black marker before throwing it into a swarm of supporters.
She also noted the enormous emotion surrounding this case, which lasted roughly one year from Hayes' original indictment. A gun was found in Smith's SUV loaded but unfired. "He was special", Payton said, via the New Orleans Times-Picayune.
Monaco was stretched down both flanks but, equally, Dortmund was increasingly exposed to Monaco's slick counterattacking. In another quarterfinal match, there was a goal fest as hosts Monaco hammered German club Borussia Dortmund 3-1.
But Washington has dominated its division rival over the last two-plus season, improving to 37-13 over their last 50 meetings. The Nationals snapped Atlanta's five-game winning streak and handed the Braves their first loss at new SunTrust Park.
Other reports today have indicated that the Broncos and Chargers are also going to play on the same Monday night. The Chargers/Broncos game will be in the late window on the standard Week 1 Monday Night Football doubleheader.
Turkey's main opposition party has filed a formal request seeking the referendum to be annulled because of voting irregularities. Turkey's society is badly divided, with at least half the population opposed to the slide into authoritarianism under Erdogan.
The New England Patriots star made a guest appearance during the daily White House press briefing to offer Sean Spicer a hand. The quarterback is reportedly spending the day with his mother, who is in Boston and has been dealing with an illness.
Facebook isn't the only corporation getting in on these new developments, but it's definitely the one investing the most into it. If you haven't noticed the little camera on the top left hand side of your Facebook app maybe it's time you checked out it.
How to watch Game 3 of Cavs-Pacers
Smith (5) in the first half in Game 2 of a first-round NBA basketball playoff series , Monday, April 17, 2017, in Cleveland. I've got to depend on you to look after my child in the most vulnerable state and I have to depend on you and rely on you'.
Bible verse written on Aaron Hernandez's forehead
Hernandez had been housed in a single cell in a general population unit at the maximum-security state prison in Shirley. When asked if he accepted the ruling, Baez said, "We'll accept the determination after an investigation is complete".
WPD moving to new uniforms
What uniforms are available nationwide? The Wichita Police Department will be providing officers with new blue uniforms. The department made the announcement Thursday morning via social media. "We started out with a blank slate".
'John 3:16' written on Aaron Hernandez's forehead, source says
Many questions remain after the former New England Patriots tight end was found dead in his prison cell by a corrections officer. Hernandez had reportedly gotten a new tattoo that referenced the Blood street gang after the fight, prison officials said.
IPL 2017: Umesh Yadav likely to return for KKR vs KXIP
Umesh was the pick of the quick bowlers in the recently concluded India-Australia series, scalping 17 wickets in eight innings. But the circumstances now have clearly changed and Kallis' news has definitely raised the hopes of the fans.
Aaron Hernandez's brain to be released to CTE researchers
Hernandez was then transported to UMass Memorial HealthAlliance Hospital in Leominster where he was pronounced dead at 4:07 a.m. When asked if he accepted the ruling, Baez said, "We'll accept the determination after an investigation is complete".
Nintendo Switch earns $271.8 million in USA alone
Switch sold more than 906,000 units in March in the United States, according to NPD Group sales data, Nintendo announced. It is confirmed that more than nine-hundred thousand units of Nintendo Switch was sold last month.
APNewsBreak: Baby orca! Last killer whale born at SeaWorld
The orca's birth in San Antonio, Texas , follows a decision in 2016 by the Florida-based company to stop breeding killer whales . Spokeswoman Suzanne Pelisson Beasley said birth control and "social management" would prevent future orca breeding.
Florida voters may get a say over casino gambling
For almost 200 years, Florida has had one of the strictest voting regulations in the country when it comes to released felons. Rick Scott took office in 2011, he largely reversed the policy to restore felon voting rights instituted under former Gov.
United States rental rises at slowest in five years
Even in hot West Coast markets, where rental growth is notoriously strong, rent appreciation is starting to slow. Mortgage rates are down from their December highs, but still well above where they were before the election.
Fox stock holds steady following O'Reilly firing
Burgess told the panel that she came to Fox News through a temp agency and was working for a colleague of O'Reilly's. The ratings impact of Bill O'Reilly's firing will be measured over months, not days.