Qualcomm (QCOM) Raises Guidance

Print Email

No matter how big its legal problems are with Nokia (NOK) or Broadcom (BRCM), Qualcomm (QCOM) keeps chugging along.

Qualcomm said that based on the current business outlook, it now anticipates first fiscal quarter pro forma revenues to be at the high end of the prior guidance of approximately $2.3 to $2.4 billion compared to $2.02 billion in the year ago quarter. The firm anticipates first fiscal quarter pro forma diluted earnings per share to be approximately $0.52 to $0.53 compared to $0.43 in the year ago quarter. This estimate is based on the shipment of approximately 78 million Mobile Station Modem chips during the quarter as compared to our prior estimate of 74 to 78 million units. QCOM previously anticipated first fiscal quarter Qualcomm pro forma diluted earnings per share of approximately $0.50 to $0.52.

Impressive.

Douglas A. McIntyre