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

Advertisement

Recent Reviews

Apple 13-inch MacBook Pro (Early 2015)

Although the new darling of the Apple MacBook line up is the all-new MacBook, Apple has given its popular 13-inch MacBook Pro with Ret ...

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill the ...

Lenovo Yoga Tablet 2 (Android, 10.1-inch)

Lenovo is building a bigger name for itself year after year, including its devices expanding beyond desktop computers. The company's l ...

Advertisement

toggle

Most Commented

 
toggle

Popular News