Qualcomm reports record quarter

City News Service

Qualcomm on Wednesday reported record revenues and earnings per share in the first quarter of its fiscal year, fueled by increased demand for smart phones and similar devices.

Revenues were $3.35 billion in the three-month period ended Dec. 26, up 25 percent from the same time a year ago. Net income was $1.11 billion, a 26 percent jump, according to the developer of advanced wireless technologies.

The company reported quarterly earnings per share of 71 cents, an improvement of 42 percent over the year-ago period.

“We continue to execute on our strategic objectives as our partners leverage our technologies and solutions to offer leading wireless products and services to consumers around the globe,” said Dr. Paul Jacobs, the company’s
chairman and CEO.

“We believe we are uniquely positioned to benefit from these industry trends and are substantially raising our revenue and earnings guidance for the fiscal year,” he said.

The firm also reported it had about $19.1 billion in liquid assets at the end of the quarter.

Related posts:

  1. Qualcomm to buy Atheros for $3.1B
  2. Qualcomm, ScrippsHealth make Fortune’s list of best places to work
  3. La Jolla Boardroom director to lead career panel on Jan. 26
  4. Qualcomm selling lower frequency band space to AT&T
  5. Air quality rules changes could affect SD's compliance

Short URL: http://www.lajollalight.com/?p=34101

Posted by Kathy Day on Jan 26, 2011. Filed under News, Region. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

La Jolla Community Calendar


Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6

RSS North Coastal News

  • Summer 2014 Carmel Valley Open Basketball League Champs: ‘Carmel Valley Spurs’ August 30, 2014
    On Aug. 18, the Carmel Valley Spurs defeated the Solana Beach Stray Cats, 67-41, in the 5th/6th grade championship game in the Master Sports Carmel Valley OPEN Basketball League. Over a 10-game season, the offense scored 659 points while giving up only 364 on defense. The average game score was 66-36. They had the best rebounders, best shooters, and best def […]
  • Hundreds turn out for Carmel Valley planning board meeting on One Paseo August 30, 2014
    Hearts and visions collided at the Aug. 28 Carmel Valley Community Planning Board meeting, where an overflow crowd turned out to debate the future of the last major slice of the community left to be developed. All 400 seats in Canyon Crest Academy’s theater were filled, and people spilled out into the aisles and crammed into standing-room only spots in the b […]
  • Del Mar Library book-to-movie club picks fall reads August 30, 2014
    Print Goes to the Movies, a book/movie discussion group held at the Del Mar Branch Library at 2 p.m. every second Friday, has announced its upcoming dates and movies. […]