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Stock impact report

Qualcomm profit tops estimates on higher modem chip sales [Yahoo! Finance News]

QUALCOMM Incorporated (QCOM) 
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
The results announced on Wednesday, particularly in Qualcomm's smartphone chip business, were in contrast to those from major mobile phone components makers in Asia including TSMC and SK Hynix Inc , which have warned of slower growth in their smartphone chip divisions. While revenue from Qualcomm's modem chips business - its largest - rose 6 percent in the three months ended March 25, revenue from its licensing business plunged 44 percent, reflecting the loss of revenue due to a high-profile patent battle with Apple Inc (AAPL.O). Qualcomm said it sees about 5 percent growth in modern mobile handsets for the remainder of the year, which is lower than anticipated. Show less Read more
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