Printed from http://www.electronista.com

Qualcomm exceeds quarterly revenue estimate, raises estimates again

updated 04:51 pm EDT, Wed April 24, 2013

Dividend payout greatest in company history, $5 billion in buyback planned

Chip designer Qualcomm has filed its second quarter of 2013 fiscal earnings. The company exceeded revenue expectations, and is raising its estimated 2013 device shipments and projected earnings for 2013 based on the strength of the quarter. Year over year, Qualcomm saw a 24 percent increase in revenues to $6.12 billion from $4.94 billion. Earnings per share climbed 16 percent tp $1.17 per share, up from $1.01 in 2012.

The company shipped 173 million Mobile Station Modem (MSM) Chips, with $61.1 billion in sales. As strengths to the quarter, Qualcomm noted that the strong market conditions for smartphone sales greatly helped the bottom line. Additionally, the company reports that it is seeing "strong traction" for the new Qualcomm Snapdragon 600 and 800 processors.

The company is revising annual revenue guidance to between $24 billion and $25 billion, with an annual earnings per share falling between $4.40 and $4.55 per share on the year. Prior guidance for the year was revenue between $23.4 billion and $24.4 billion, with earnings per share of $4.25 through $4.45. The company is paying a $0.35 per share dividend in June of 2013, and is making $5 billion available for share repurchasing programs.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Logitech Hyperion Fury mouse

Selecting the correct gaming mouse comes down to finding a device that balances the needs of a user with a price they can afford. Ofte ...

Life n Soul BM211 Bluetooth speaker

Bluetooth speakers aren't only for listening to some music at the park or on a long bus ride, but can also be built with tablets in mi ...

Epson PowerLite Home Cinema 2030 projector

With high-definition televisions now the standard, 4K televisions becoming the next big thing, and plasma TVs going the way of the din ...

Sponsor

toggle

Most Commented

 
toggle

Popular News