0
Wireless

Qualcomm profit falls less than expected, sees better H2

Wednesday 27 January 2016 | 23:01 CET | News
Qualcomm reported a smaller-than-expected drop in profit for its fiscal first quarter to December, citing strong 3G/4G device shipments and its cost-cutting efforts. Revenues were still down 19 percent year-on-year to USD 5.8 billion, while net profit dropped 24 percent to USD 1.5 billion. EPS declined 15 percent to USD 0.99, a smaller drop than the 23-32 percent forecast earlier by the company. For fiscal Q2, Qualcomm forecast a further drop in sales, of 17-29 percent on an annual basis to USD 4.9-5.7 billion. EPS is expected to improve 10-25 percent from a year earlier to USD 0.90-1.00,

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Qualcomm
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Qualcomm grows quarterly sales more than expected

Published 21 Jul 2016 08:50 CET | World
Qualcomm reported an improvement in results for its fiscal third quarter to June, as the company rebuilds its licensing business ...

Qualcomm posts higher profit as quarterly sales fall 19%

Published 21 Apr 2016 08:37 CET | World
Qualcomm reported revenues for its fiscal second quarter to March down 19 percent from a year earlier to USD 5.9 billion. The ...

Qualcomm raises quarterly dividend 10%

Published 08 Mar 2016 14:42 CET | World
Qualcomm announced that its Board of Directors has approved a 10 percent increase in the company's quarterly cash dividend. As a ...

Qualcomm houdt winstval beperkt, hoopt op groei in 2016

Published 28 Jan 2016 08:43 CET | World
Qualcomm meldt een kleinere daling van de winst dan gedacht. In het eind december gesloten eerste kwartaal van zijn boekjaar ...

Qualcomm to make server chips with China's Guizhou Province

Published 18 Jan 2016 09:19 CET | China
Qualcomm has signed a strategic cooperation agreement with China's Guizhou Province and unveiled a joint venture, the Guizhou ...

LeTV launches first phone with Qualcomm Snapdragon 820

Published 06 Jan 2016 14:47 CET | World
The first smartphone running Qualcomm's new top-end processor the Snapdragon 820 was unveiled at CES, the Le Max Pro from Chinese ...

Qualcomm licensing found to violate Korean competition law

Published 18 Nov 2015 09:00 CET | Korea, Republic of
The Korea Fair Trade Commission has started an investigation into Qualcomm's licensing practices. Qualcomm said it received the ...

Qualcomm quarterly profit falls 44%

Published 05 Nov 2015 00:05 CET | World
Qualcomm reported a sharp fall in results for its fiscal fourth quarter to September, hurt by a slowdown in China sales after ...

Qualcomm to cut costs, narrow focus in strategic review

Published 23 Jul 2015 08:41 CET | World
Qualcomm announced plans to review its corporate structure and cut USD 1.4 billion in costs, as part of a deal with its activist ...





Calendar   /   Industry Events

01 Mar Zoom Video Communications Q4
01 Mar Liberty LatAm Q4 results
01 Mar Switch Q4 2020
01 Mar Boingo Q4
01 Mar Ooma Q4
01 Mar Inseego Q4
01 Mar TIM Brasil investors day
01 Mar Embedded World Digital
02 Mar HPE fiscal Q1
02 Mar FuboTV Q4 2020
03 Mar Vivendi Q4 2020
03 Mar Avast FY results
03 Mar Marvell Technology fiscal Q4
04 Mar Broadcom fiscal Q1
04 Mar MTS Q4 2020
04 Mar Ciena fiscal Q1
04 Mar Inwit Q4 2020
04 Mar Telesat Q4
05 Mar Vonage Investor Day
::: More Calendar Items