US stocks are poised to head lower at the bell and as for corporate news trending in pre-market, there are plenty of stories around, including from chipmaker Qualcomm Inc (NASDAQ:QCOM).
The pair have been in an ongoing legal fight over patent royalties.
Qualcomm has also warned that revenues for the holiday quarter could fall by as much as 25% as it faces slower demand from China, among other factors.
The group is, however, forecasting higher-than-expected earnings-per-share (EPS), that’s only due to a one-time tax benefit.
Qualcomm forecasts for 1Q, revenue between $4.5 billion and $5.3 billion and adjusted earnings between $1.05 and $1.15 per share. Analysts were expecting revenue of $5.57 billion and EPS of $0.95.
Elsewhere, mobile payment group Square Inc (NYSE:SQ) shed 5.31% before the bell to $78.30 as it gave an earnings forecast for the fourth quarter, which was lower than analysts had expected, as it posted third quarter results.
Adjusted earnings will be between $0.12 and $0.13 per share, it reckons, with adjusted revenue of $446 million to $451 million. Analysts projected $0.15 a share on sales of $440.6 million.
The casino group reported earnings of $1.68 a share, while analysts had expected $1.69 a share. But it did beat on revenue, which came in at $1.71 billion against an estimate of $1.66 billion.
Roku Inc (NASDAQ:ROKU) shares shed over 12% to $51.60 in pre-market trade, despite the firm posting quarterly earnings, which topped expectations.
Roku reported a loss of $9.5 million, or $0.09 per share, on sales of $173.4 million, up from a loss of $8.79 a share a year ago on sales of $124.8 million.