Qualcomm's Strong Q1 Beats EPS Estimates

Qualcomm (NASDAQ: QCOM  ) posted Q1 results that reached new peaks and trounced market expectations. Revenues for the quarter reached a record $6 billion, 29% higher than the same period the previous year, and above the average analyst estimate of $5.9 billion.

Net profit measured on a non-GAAP basis came in at $2.2 billion ($1.26). The EPS figure was also a quarterly record for the company, and was notably higher than the $1.12 average estimate from analysts. It also represented a 32% year-over-year improvement.

Qualcomm also provided Q2 and fiscal 2013 guidance in its earnings release. The company believes it will post revenue of $5.8 billion-$6.3 billion in the current quarter, and EPS of $1.10-$1.18.

For the full year, it anticipates top line of $23.4 billion-$24.4 billion, with EPS of $4.25-$4.45. The latter set of figures represents an increase over the company's previous guidance, as well as the average analyst estimate.


Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2226135, ~/Articles/ArticleHandler.aspx, 9/19/2014 1:53:04 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement