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Qualcomm posts strong Q3, gives cautious outlook
2013-11-07 08:40:00| Telecompaper Headlines
(Telecompaper) Qualcomm reported another quarter of strong growth thanks to demand for its chips in smartphones. Revenues of USD 6.48 billion were up 33 percent year-over-year and 4 percent sequentially. Operating profit for its fiscal fourth quarter rose 29 percent from a year earlier to USD 1.59 billion, and net income for the three months to September increased 18 percent to USD 1.50 billion or 86 cents a share. After operating cash flow of USD 2.52 billion, the company finished the quarter with cash of USD 29.4 billion. Qualcomm said its MSM shipments rose 35 percent in the past quarter and 21 percent in the fiscal year. For the fiscal first quarter, it expects growth of 7-15 percent to 195-210 million units, and revenues up 5-15 percent year-on-year to USD 6.3-6.9 billion. The company forecast EPS slightly lower in the quarter, down 6-16 percent to USD 0.92-1.02, but expects growth of 9-14 percent over the full year. Overall, Qualcomm expects the mobile phone market to grow in calendar 2014 to around 1.26 billion units, from an estimated 1.10 billion this year.
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Category:Telecommunications