A Qualcomm sign is pictured in front of one of its many buildings in San Diego, California November 5, 2014.
Credit: /Mike Blake
- Qualcomm Inc (QCOM.O) posted higher fiscal first-quarter revenue that beat analysts' expectations as a year-long antitrust investigation in China weighed on investor sentiment.
The chipmaker on Wednesday reported first-quarter revenue of $7.1 billion, up 7 percent from the year-ago period. Analysts on average had expected first-quarter revenue of $6.94 billion, according to Thomson I/B/E/S.
Qualcomm posted first-quarter net income of $2.0 billion, up 5 percent from a year ago. GAAP diluted earnings per share were $1.17. Its non-GAAP earnings were $1.34 per share.
No comments:
Post a Comment