Overtaking Apple as the world's leading maker of smartphones has stretched Samsung's in-house supply lines, and the South Korean firm is now courting some of its rival's main parts suppliers.» Read More
*BMO cuts price target to $77 rom $80; rating outperform. For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on RCH/US Reuters 3000 Xtra users, double-click RCH/US Reuters Station users, click. 1568.
*Piper Jaffray cuts price target to $74 from $83; rating overweight. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Barclays cuts price target to $68 from $77. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
TAIPEI, April 25- Following are news items and media reports that may affect the Taiwan stock market. REUTERS HEADLINES> Taiwan man contracts H7N9 bird flu. >Taiwan, China to sign services markets deal.
SAN FRANCISCO, April 24- Leading mobile chipmaker Qualcomm forecast earnings below expectations on Wednesday as competition in smartphones intensifies and shifts toward Asia, and its stock fell sharply.
The Dow snapped a three-day rally Wednesday, while the S&P 500 and Nasdaq finished nearly flat in lackluster trading, as investors digested a batch of corporate earnings against a disappointing durable goods orders report.
SAN FRANCISCO, April 24- Leading cellphone chipmaker Qualcomm forecast earnings below expectations on Wednesday as competition in the smartphone market intensifies, sending its stock sharply lower.
Check out which companies are making headlines after the bell Wednesday:
With three out of five major U.S. companies missing revenue forecasts, a lot of fingers are pointed at European weakness.
SAN FRANCISCO, April 24- Leading cellphone chipmaker Qualcomm raised its full-year revenue forecast as demand for smartphones continues to grow, but its estimate for full-year earnings was shy of expectations and its shares fell sharply.
Qualcomm reported quarterly earnings Wednesday that met analysts' expectations, but light guidance for the current quarter sent share down sharply.
SAN FRANCISCO, April 24- Leading cellphone chipmaker Qualcomm raised its full-year revenue forecast as demand for smartphones continues to grow. Qualcomm said it expects full-year revenue of $24.0 billion to $25 billion, up from its prior forecast of between $23.4 billion and $24.4 billion.
NEW YORK, April 24- Qualcomm Inc:.
*P&G slips, Boeing gains after earnings. But support for the Dow and S&P was provided Boeing Co, which jumped 4.2 percent to $91.92 as the top boost for each index after the aerospace giant reported first-quarter earnings.
U.S. stock index futures shaved their early gains following a weaker-than-expected durable goods orders report and as Apple shares weighed.
*P&G slips, Boeing gains after earnings. "It's basically just confirming what we've seen in the economic numbers so far this month, that basically, things weren't quite as good as we thought at the end of the first quarter," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.
*P&G slips, Boeing gains after earnings. Boeing Co jumped 3.3 percent to $91.10 in premarket trading after the aerospace giant reported first-quarter earnings.
*Procter and Gamble Co slipped 1.9 percent to $81 in premarket trading after the world's largest household products maker posted third-quarter earnings.
Apple briefly got some of its shine back, after it delivered a package of capital programs that shareholders have been clamoring for.
LONDON, April 23- British chip designer ARM Holdings beat first-quarter profit forecasts, driven by buoyant demand for smartphones and tablets that use its processor technology and the strength of the dollar.