Qualcomm Inc. Reveals 33% Drop In Q4 Bottom Line

(RTTNews) - Qualcomm Inc. (QCOM) revealed a profit for fourth quarter that declined compared to the same period last year.

The company said its earnings dropped to $1.43 billion, or $0.91 per share. This was down from $2.14 billion, or $1.26 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.86 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 18.5% to $5.45 billion. This was down from $6.69 billion last year.

Qualcomm Inc. earnings at a glance:

-Earnings (Q4): $1.43 Bln. vs. $2.14 Bln. last year. -Earnings Decline (Y-o-Y): -33.2% -EPS (Q4): $0.91 vs. $1.26 last year. -EPS Decline (Y-o-Y): -27.8% -Analysts Estimate: $0.86 -Revenue (Q4): $5.45 Bln vs. $6.69 Bln last year. -Revenue Change (Y-o-Y): -18.5%

-Guidance: Next quarter EPS guidance: $0.80 - $0.90 Next quarter revenue guidance: $5.2 - $6.0 Bln