Qualcomm reports stronger results, forecast

Nov 02, 2011

(AP) -- Qualcomm, a chipmaker for mobile phones, is reporting stronger-than-expected quarterly results driven by rising smartphone demand.

In the company's fiscal , which ended Sept. 25, net income was $1.06 billion, or 62 cents per share, up 22 percent from $865 million, or 53 cents per share, a year ago.

Excluding special items, the company earned 80 cents per share, which was higher than the 78 cents per share that analysts polled by FactSet expected.

Revenue rose 39 percent to $4.12 billion, higher than the $3.99 billion expected.

For fiscal 2011, earned $4.26 billion, or $2.52 per share, on $15 billion in revenue.

For fiscal 2012, Qualcomm expects earnings of $3.42 per share to $3.62 per share, excluding items, on revenue of $18 billion to $19 billion. Analysts expected earnings of $3.46 per share and revenue of $17.3 billion.

Shares rose $4.18, or 8 percent, to $56 in extended trading after the results were reported.

Explore further: MasterCard, Zwipe announce fingerprint-sensor card

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Qualcomm 3Q results beat Wall Street estimates

Jul 20, 2011

(AP) -- Wireless chip-maker Qualcomm Inc.'s results for the latest quarter beat Wall Street's expectations, and its projections for the current quarter are also above analysts' estimates.

Qualcomm stock tumbles on cautious forecast

Jan 27, 2010

(AP) -- Qualcomm Inc., whose chips and other technologies are used in vast numbers of cell phones, sounded a cautious note on the economy on Wednesday, saying a "subdued" recovery forced it to slightly dial ...

Oracle's profit tops Street, but worries surface

Jun 23, 2011

(AP) -- Oracle Corp.'s latest quarterly results Thursday underscore the critical role its software business plays despite its push to become a more well-rounded technology vendor by selling computer servers.

Oracle fiscal 3Q net income up 78 pct

Mar 24, 2011

(AP) -- Database software maker Oracle Corp. said Thursday its net income rose 78 percent in the fiscal third quarter, helped by a rise in new software license sales and the benefit of three full months of ...

TI 2Q revenue rises 42 pct as demand roars back

Jul 19, 2010

(AP) -- Texas Instruments Inc.' second-quarter income and revenue jumped as demand continued to recover after the recession. The company predicted even better results in the new quarter.

Recommended for you

MasterCard, Zwipe announce fingerprint-sensor card

Oct 18, 2014

On Friday, MasterCard and Oslo, Norway-based Zwipe announced the launch of a contactless payment card featuring an integrated fingerprint sensor. Say goodbye to PINs. This card, they said, is the world's ...

Apple starts iPhone 6 sales in key China market

Oct 17, 2014

Apple began selling its latest iPhone in China Friday, nearly a month after other major territories due to a licence delay by regulators, but it faces a tough battle with rivals led by Samsung in the crucial ...

Microsoft CEO launches diversity training effort

Oct 17, 2014

(AP)—Microsoft CEO Satya Nadella has again apologized to employees and announced in a company-wide memo that all workers will receive expanded training on how to foster an inclusive culture as he works to repair damage ...

Arguments made in ex-dictator's suit against game

Oct 17, 2014

(AP)—A judge has heard arguments from lawyer and former New York City Mayor Rudy Giuliani calling for the dismissal of a lawsuit filed against video game giant Activision by former Panamanian dictator Manuel Noriega.

User comments : 0