Qualcomm Inc. Q4 Profit Increases, Inline With Estimates

Qualcomm Inc. (QCOM) revealed earnings for its fourth quarter that increased from last year in line with the Street estimates.

The company's bottom line totaled $2.87 billion, or $2.54 per share. This compares with $2.80 billion, or $2.45 per share, in last year's fourth quarter.

Excluding items, Qualcomm Inc. reported adjusted earnings of $3.55 billion or $3.13 per share for the period.

Analysts on average had expected the company to earn $3.13 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.1% to $11.40 billion from $9.34 billion last year.

Qualcomm Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $2.87 Bln. vs. $2.80 Bln. last year.
-EPS (Q4): $2.54 vs. $2.45 last year.
-Analyst Estimate: $3.13
-Revenue (Q4): $11.40 Bln vs. $9.34 Bln last year.

Next quarter EPS guidance: $2.25 - $2.45
Next quarter revenue guidance: $9.2 - $10.0 Bln

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