** Shares of Qualcomm QCOM.O up 0.2% in Wed afternoon trading, with the chipmaker seen reporting higher yr-over-yr qtrly rev in its results due after the closing bell
** The broader mkt is lower on the day
** Qualcomm is expected to show report fiscal Q2 rev of $10.66 bln vs $9.39 bln in the yr-ago period, and EPS of $2.82/shr vs $2.44 a yr ago, according to LSEG
** Investors are looking for any details on potential impact from the China-U.S. trade war on rev
** Analyst recommendations on the stock include 21 "strong buy" or "buy" ratings, 19 "hold" ratings and one "sell" rating
** Earlier this week, Bernstein cut its PT on QCOM to $185 from $215
** The median 12-mo PT for Qualcomm is $185; the stock was last at $147.55
** On Tuesday, British semiconductor company Alphawave IP Group AWE.L said the UK takeover panel has extended the deadline for a takeover offer by Qualcomm to May 12.
** Including the session move, QCOM is down more than 4% YTD compared with a more than 10% decline in the Nasdaq .IXIC
(Reporting by Caroline Valetkevitch)
((caroline.valetkevitch@thomsonreuters.com))
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