Monday, February 23, 2004
Qualcomm said Monday its quarterly earnings will exceed prior estimates on stronger-than-expected shipments of its phone chipsets.
The company said it now expects net earnings of 47 cents to 49 cents per share in the second quarter, including an estimated 1 cent per share loss from its investment arm.
Previously it had forecast earnings of 34 cents to 37 cents per share, with an estimated 4 cents per share of investment losses. A year earlier the company posted a profit of 13 cents a share, including 26 cents per share of investment losses.
The company said it expects to ship 31 million of its advanced MSM phone chips during the quarter, compared with its earlier estimate 29 million to 31 million chips
By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved
|
