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David Wong of Wells Fargo asked whether there are any adjustments to prior period that the company has already recognized payments from LG. $QCOM President Derek Aberle replied that the deal will not result in any modifications or changes to revenue that was previously recorded by the company. Results of this will be reflected in 3Q16, not in 2Q16.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.