Home / Markets / Industries / Technology
Wednesday, November 04, 2009
Qualcomm Earnings Fall 9%
By Rex Crum
MarketWatch Pulse
SAN FRANCISCO -- Qualcomm Inc. said Wednesday afternoon that earnings for its fourth fiscal quarter slipped 9% on lower sales of the company's wireless chipsets and related technology. For the quarter ended Sept. 30, Qualcomm reported net income of $803 million, or 48 cents a share, compared to net income of $878 million, or 52 cents a share, for the same period the previous year. On a pro-forma basis, the company said its earnings would have been $811 million, or 48 cents a share, for the recent period. Revenue fell 19% to $2.69 billion. Analysts were expecting the company to earn 52 cents a share on revenue of $2.72 billion, according to consensus forecasts from FactSet Research.
Copyright © 2009 MarketWatch, Inc.
Fox Business Video
-
-
The Crisis With 20/20 Hindsight
-
Nov 21, 2009
FOXBusiness.com LIVE
-
-
-
Jerry Rice Talks Career
-
Nov 21, 2009
NFL Receiver on career on the gridiron
-
-
-
John O'Hurley as Venture Capitalist
-
Nov 21, 2009
Comedian on life as venture capitalist
-
-
-
Excess Spending in Congress
-
Nov 21, 2009
Saving $100 Million
-
-
-
Cavuto Business Report 11-20-09
-
Nov 21, 2009
Business Report: Cavuto
-
