Qualcomm Q4 Profit Up - Quick Facts

(RTTNews) - Qualcomm Inc. (QCOM) Wednesday reported fourth-quarter profit of $1.50 billion or $0.86 per share, up from $1.27 billion or $0.73 per share in the same period last year. Adjusted earnings for the quarter was $1.82 billion or $1.05 per share. On average, 35 analysts polled by Thomson Reuters expected the company to earn $1.08 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $6.48 billion from $4.87 billion last year. Analysts expected revenues of $6.34 billion.

Looking ahead to the first quarter, the company has forecast earnings in the range of $0.92 to $1.02 per share, with adjusted earnings ranging between $1.10 and $1.20 per share.

Revenues are expected to be in the order of $6.3 billion to $6.9 billion. Analysts currently expect the company to earn $1.29 per share on first-quarter revenues of $6.99 billion.

For the fiscal 2014, the company currently projects earnings in the range of $4.25 to $4.45 per share, with adjusted earnings in the order of $4.95 to $5.15 per share.

Revenues are expected to range between $26.0 billion and $27.5 billion. Analysts currently expect the company to report full-year earnings of $4.54 per share on revenues of $24.73 billion.