Qualcomm sees more China trouble, faces probes in US, Europe
Credit: Reuters/Albert Gea
A man walks past a Qualcomm advertising logo at the Mobile World Congress at Barcelona, February 27, 2013.
The chipmaker on Wednesday reported fourth-quarter revenue of $6.69 billion, up 3 percent from the year-ago period. Analysts on average had expected fourth-quarter revenue of $7.016 billion, according to Thomson Reuters I/B/E/S.
Qualcomm posted fourth-quarter net income of $1.89 billion, up 26 percent from a year ago. GAAP diluted earnings per share were $1.11. Its non-GAAP earnings were $1.26 per share.
(Reporting by Noel Randewich)
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