Qualcomm Incorporated today announced results for its fiscal third quarter ended June 24, 2018. The company has reported a revenue of $5.6 billion compared to $5.4 billion from the same time last year. This is a good 4% improvement YoY. Qualcomm's operating income comes to around $0.9 billion versus the $0.8 billion from Q3 Fiscal 2017 and is a 20% growth. As for the Net income, Qualcomm has reported $1.2 billion and saw a growth of around 41%, the Diluted earnings per share is around $0.82 with a 41% growth and the Operating cash flow is around $2.1 billion compared to $0.2 billion from Q3 Fiscal 2017. As for the Third Quarter, Non-GAAP results, it excludes the QSI (Qualcomm Strategic Initiatives) segment and certain share-based compensation, acquisition-related items, tax items and other items. It reported a revenue of $5.6 billion with a 6% growth, an Operating income of $1.4 billion with 16% improvement. The Diluted earnings per share are $1.01 with 22% YoY change. On another note, Qualcomm back in 2016 set its sights on purchasing NXP Semiconductors N.V. (NXP) for estimated total cash of $44 billion. However, the company is now expecting to terminate the acquisition as a result of a continued absence of regulatory approval from the Chinese ...
Read Here»
Post a Comment Blogger Facebook
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. As the comments are written and submitted by visitors of The Sheen Blog, they in no way represent the opinion of The Sheen Blog. Let's work together to keep the conversation civil.