Qualcomm Earns 91 Cents per Share

After the closing bell, Qualcomm (QCOM) reported earnings of 91 cents per share. That was five cents more than estimates. This was for their fiscal fourth quarter.

For the full year, Qualcomm earned $4.66 per share which is a big drop from the $5.27 they made last year.

“Our fiscal fourth quarter revenues and EPS were at the high end of our expectations, with stronger-than expected MSM chipset shipments offsetting slower than expected progress concluding new license agreements in China. We executed a major increase in our capital return program in fiscal 2015, returning a record $14 billion of capital to stockholders,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “We are encouraged by customer reaction to our flagship Snapdragon 820, are on track to deliver on our fiscal 2016 cost reduction targets and expect to exit fiscal 2016 on an improving financial trajectory.”

For Q1, they sees earnings of 80 to 90 cents per share on revenue of $5.2 billion to $6.0 billion. That compares with earnings of $1.34 per share and revenue of $7.1 billion in last year’s Q1.

Posted by on November 4th, 2015 at 4:14 pm


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