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Qualcomm quarterly profits better than expected

Thursday 30 January 2014 | 08:47 CET | News
Qualcomm's revenue rose 10 percent year-over-year to USD 6.62 billion in the fiscal first quarter to December, in line with the company's guidance. Adjusted operating profit declined 28 percent to USD 1.49 billion, and net profit was down 2 percent to USD 1.88 billion. Diluted earnings per share were USD 1.09, unchanged from the prior year and better than Qualcomm's forecast. Operating cash flow totalled USD 2.78 billion, up 41 percent, and Qualcomm returned USD 1.59 billion to shareholders in the quarter.

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Categories: Mobile & Wireless
Companies: Qualcomm
Countries: World
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