qcom:
PROFIT: Third-quarter net income fell to $845 million, or 74 cents a share, from $2.15 billion, or $1.75 a share, a year earlier. On an adjusted basis, profit rose to 86 cents a share from 80 cents a share a year earlier. Qualcomm had projected 29 cents to 49 cents a share, or 60 cents to 80 cents a share on an adjusted basis; while analysts surveyed by FactSet expected 44 cents a share, or 71 cents a share as adjusted.
REVENUE: Revenue fell to $4.89 billion from $9.64 billion a year earlier. Qualcomm had projected $4.4 billion to $5.2 billion, while analysts expected about $4.81 billion.
SHIPMENTS: Qualcomm shipped 130 million chips in the quarter, at the low end of its range of 125 million to 145 million.
OUTLOOK: This quarter, Qualcomm expects $2.12 to $2.32 a share in profit, or $1.05 to $1.25 a share on an adjusted basis, and $7.3 billion to $8.1 billion in revenue, or $5.5 billion to $6.3 billion in revenue on an adjusted basis. It said it expects to ship 145 million to 165 million chips. |