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Qualcomm raises FY outlook after strong Q1

2013-01-31 08:39:00| Telecompaper Headlines

(Telecompaper) Qualcomm reported revenue for its fiscal first quarter up 29 percent year-over-year to USD 6.02 billion. Operating income for the three months to December totaled USD 2.09 billion, up 35 percent, net income increased 36 percent to USD 1.91 billion, and diluted earnings per share rose 35 percent to USD 1.09, beating the company's earlier guidance. Operating cash flow for the quarter totaled USD 1.98 billion, up 11 percent from the prior year. For the second quarter 2013, Qualcomm expects revenues of USD 5.8-6.3 billion, non-GAAP diluted earnings per share of USD 1.10-1.18 and GAAP diluted EPS of USD 0.98-1.06. The company raised its outlook for the full year, to sales of USD 23.4-24.4 billion and EPS of USD 3.61-3.81.

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