Plus   Neg

Qualcomm Inc. Q4 adjusted earnings Beat Estimates

Qualcomm Inc. (QCOM) released earnings for its fourth quarter that climbed from the same period last year.

The company's bottom line came in at $2.96 billion, or $2.58 per share. This compares with $0.51 billion, or $0.42 per share, in last year's fourth quarter.

Excluding items, Qualcomm Inc. reported adjusted earnings of $1.67 billion or $1.45 per share for the period.

Analysts had expected the company to earn $1.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 73.6% to $8.35 billion from $4.81 billion last year.

Qualcomm Inc. earnings at a glance:

-Earnings (Q4): $1.67 Bln. vs. $0.95 Bln. last year.
-EPS (Q4): $1.45 vs. $0.78 last year.
-Analysts Estimate: $1.17
-Revenue (Q4): $8.35 Bln vs. $4.81 Bln last year.

Next quarter EPS guidance: $1.95 - $2.15
Next quarter revenue guidance: $7.8 - $8.6 Bln

For comments and feedback contact: editorial@rttnews.com

Follow RTT