Qualcomm Inc. Reveals 28% Rise In Q2 Earnings

(RTTNews) - Qualcomm Inc. (QCOM) reported a profit for its second quarter that rose from last year.

The company said its bottom line totaled $1.99 billion, or $1.34 per share. This was up from $1.55 billion, or $1.04 per share, in last year's second quarter.

Analysts had expected the company to earn $1.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.1% to $5.99 billion. This was up from $5.54 billion last year.

Qualcomm Inc. earnings at a glance:

-Earnings (Q2): $1.99 Bln. vs. $1.55 Bln. last year. -Earnings Growth (Y-o-Y): 28.4% -EPS (Q2): $1.34 vs. $1.04 last year. -EPS Growth (Y-o-Y): 28.8% -Analysts Estimate: $1.20 -Revenue (Q2): $5.99 Bln vs. $5.54 Bln last year. -Revenue Change (Y-o-Y): 8.1%

-Guidance: Next quarter EPS guidance: $0.90 - $1.15 Next quarter revenue guidance: $5.3 - $6.1 Bln