India, May 1 -- Qualcomm Inc. (QCOM) revealed third-quarter earnings outlook after reporting higher second-quarter profit and revenues. Shares of the semiconductor major were down 6 percent on Wednesday's after-hours trading.
For the third quarter, the company expects adjusted earnings per share in the range of $2.60-$2.80. On a reported basis, earnings per share are expected between $2.14 and $2.34.
Quarterly revenues are projected between $9.9 billion and $10.7 billion.
Analysts, on average, expect the company to report earnings of $2.69 per share on revenues of $10.35 billion. Analysts' estimates typically exclude special items.
In its second quarter, the company reported earnings of $2.81 billion, or $2.52 per share, higher than las...