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Qualcomm Inc. Q1 Earnings Fall

Qualcomm Inc. (QCOM) released a profit for first quarter that declined from last year.

The company said its profit came in at $1.5 billion, or $0.98 per share. This was down from $1.8 billion, or $1.19 per share, in last year's first quarter.

Analysts had expected the company to earn $0.91 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue came in at $6.0 billion, equal to the mark posted in the same period last year.

Qualcomm Inc. earnings at a glance:

-Earnings (Q1): $1.5 Bln. vs. $1.8 Bln. last year.
-Earnings Decline (Y-o-Y): -16.7%
-EPS (Q1): $0.98 vs. $1.19 last year.
-EPS Decline (Y-o-Y): -17.6%
-Analysts Estimate: $0.91
-Revenue (Q1): $6.0 Bln vs. $6.0 Bln last year.
-Revenue Change (Y-o-Y): 0%

-Guidance:
Next quarter EPS guidance: $0.65 - $0.75
Next quarter revenue guidance: $4.8 - $5.6 Bln

by RTTNews Staff Writer

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