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Mobile chip giant $QCOM reported 1Q16 net income of $1.5Bil, or $0.99 per diluted share, down 24% from net income of $1.97Bil, or $1.17 per diluted share, a year ago. Revenue for the quarter declined 19% YoverY to $5.8Bil. However, the chipmaker delivered sequential earnings growth, driven by better than expected 3G/4G reported device sales.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.