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Qualcomm raises FY outlook again after strong Q2
2013-04-25 08:39:00| Telecompaper Headlines
(Telecompaper) Qualcomm raised its outlook for annual results after reporting strong figures for the March quarter. The chipmaker recorded revenues of USD 6.12 billion in its fiscal second quarter, up 24 percent year-over-year and 2 percent sequentially. MSM shipments reached 173 million units, up 14 percent from a year ago and down 5 percent from the fourth quarter. Operating profit improved 24 percent from a year earlier to USD 1.88 billion, while net profit fell 16 percent to USD 1.87 billion or USD 1.06 per share. The figures were at the top of the company's earlier guidance. Operating cash flow rose 17 percent to USD 2.22 billion, and Qualcomm finished March with a total USD 30.5 billion in cash. For the third quarter, the company forecast sales up 25-36 percent to USD 5.8-6.3 billion and EPS up 16-28 percent to USD 0.80-0.88. The company said it sees strong demand for its Snapdragon 600 and 800 processors as well as higher shipments in the overall mobile market. Full-year sales are expected to increase 26-31 percent to USD 24-25 billion, versus an earlier outlook of USD 23.4-24.4 billion, and the forecast for annual EPS was increased to USD 3.78-3.93 from USD 3.61-3.81. Qualcomm also raised its forecast for 3G/4G device shipments over the calendar year 2013, to 1.015-1.085 billion from 1.00-1.07 billion previously.
Tags: strong
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Exxon Mobil raises dividend 11 pct, to 63 cents
2013-04-24 23:49:17| Energy - Topix.net
Exxon Mobil Corp., the world's most valuable company, says it's raising its dividend by 6 cents, or 11 percent, to 63 cents.
Tags: mobil
cents
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Exxon Mobil raises dividend 11 pct, to 63 cents
2013-04-24 23:45:16| Oil & Gas - Topix.net
Exxon Mobil Corp., the world's most valuable company, says it's raising its dividend by 6 cents, or 11 percent, to 63 cents.
Tags: mobil
cents
raises
dividend
Apple raises dividend as net profit falls
2013-04-24 08:13:00| Telecompaper Headlines
(Telecompaper) Apple reported a drop in net profit in its fiscal second quarter to USD 9.5 billion or USD 10.09 per share, from USD 11.6 billion or USD 12.30 per share a year earlier. Revenues for the three months to March rose to USD 43.6 billion from USD 39.2 billion a year ago, better than the company's forecast of USD 41-43 billion. The company's gross margin dropped to 37.5 percent from 47.4, at the bottom of its forecast range. Apple sold a total 37.4 million iPhones in the quarter, compared to 35.1 million in the year-ago quarter. iPad sales rose to 19.5 million from 11.8 million a year earlier, and sales of Mac computers were just under 4 million units, versus 4 million in the year-ago quarter. For fiscal Q3, Apple forecast revenue of USD 33.5-35.5 billion and a gross margin of 36-37 percent. Apple generated USD 12.5 billion in operating cash flow in the quarter, and finished the period with total cash of USD 145 billion. The company announced plans to increase its distributions to shareholders to USD 100 billion by the end of 2015. Its share repurchase programme will increase to USD 60 billion from the USD 10 billion announced last year, and the quarterly dividend was increased 15 percent to USD 3.05 per share. As part of the expanded capital return programme, Apple said it plans take on debt. More details on this will be announced in the near future.
Apple Q2 profit slips 18%, raises dividend
2013-04-24 02:00:00| Total Telecom industry news
iPhone sales up 6.6% on previous year to 37.4 million, while iPad sales surge 65% to 19.5 million units.
Tags: apple
profit
raises
dividend
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