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Qualcomm posts higher profit as quarterly sales fall 19%

Thursday 21 April 2016 | 08:37 CET | News
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Qualcomm reported revenues for its fiscal second quarter to March down 19 percent from a year earlier to USD 5.9 billion. The figure was near the high end of the company's guidance. Total MSM shipments also fell 19 percent, to 189 million, in line with guidance. Estimated 3G/4G device sales were down 13 percent to 335-339 million, at the low end of the company's forecast. Qualcomm reported a net profit of USD 1.2 billion, up 11 percent year-on-year, and EPS jumped 24 percent to USD 0.78. Qualcomm said it had a stronger-than-expected performance across its chipset and licensing businesses and

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Categories: Mobile & Wireless
Companies: Qualcomm
Countries: World
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