Qualcomm (QCOM) Raises Guidance

Investing

Published: December 20, 2007 9:18 am

No matter how big its legal problems are with Nokia (NOK) or Broadcom (BRCM), Qualcomm (QCOM) keeps chugging along.

Qualcomm said that based on the current business outlook, it now anticipates first fiscal quarter pro forma revenues to be at the high end of the prior guidance of approximately $2.3 to $2.4 billion compared to $2.02 billion in the year ago quarter. The firm anticipates first fiscal quarter pro forma diluted earnings per share to be approximately $0.52 to $0.53 compared to $0.43 in the year ago quarter. This estimate is based on the shipment of approximately 78 million Mobile Station Modem chips during the quarter as compared to our prior estimate of 74 to 78 million units. QCOM previously anticipated first fiscal quarter Qualcomm pro forma diluted earnings per share of approximately $0.50 to $0.52.

Impressive.

Douglas A. McIntyre

Get Ready To Retire ^(Sponsored)

Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Have questions about retirement or personal finance? Email us at [email protected]!

By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.

By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.