Qualcomm publish its financial results for the fourth quarter of the financial world in 2015




The company Qualcomm to publish its financial results for the fourth quarter of fiscal year 2015 where the results were good, the company saw an increase of 8% in chip shipments this year, but it may not stay that way, as the figures for the first quarter current look bad.

The chip, which is based in San Diego in California, said net income industry company 1.1 billion dollars, or 67 cents per share, and revenue of about $ 5.5 billion for the quarter ended on September 27, it was Wall Street analysts expect revenues of up to 5.21 billion dollars.

Qualcomm noted that the financial revenues during the full year amounted to $ 25.3 billion, or $ 4.66 per share, and the Wall Street analysts had forecast that full-year profit of about 24.04 billion dollars.

Said Stephen Molenkopf CEO in prepared remarks in advance “These figures are considered a victory for Qualcomm in quarterly and annual results, and we’ve got enough encouragement because of reactions about Amaagana leading next Snapdragon 820”.

Stephen added, “The company is on track with respect to the fiscal year of 2016 to work on achieving our goals and reduce costs hand, and we expect an improvement in the track with the end of the financial year 2016”.

The company said it expects a decline of 27% in revenues during the current first quarter. It expects revenue between $ 5.2 billion and $ 6 billion, while Wall Street analysts expected revenues of up to $ 5.8 billion in the first quarter.

The company said the decline in part to the expected return for a reduction in demand for Mobile Station Modem chips by 17% on an annual basis.


In: Technology & Gadgets Asked By: [15576 Red Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »