Qualcomm Q3 2013 Earnings: Revenue $6.24 Billion, EPS $1.03

Posted on Jul 25 2013 - 2:06am by Editorial Staff

Qualcomm

Qualcomm today announced results for the third quarter 2013, ended June 30, 2013. The company reported the revenues of $6.24 billion, up 35 percent year-over-year while operating income for the quarter was $1.68 billion, up 21 percent year-over-year.

The net income for the quarter was $1.58 billion, up 31 percent year-over-year. The diluted earnings per share for the quarter were $0.90, up 30 percent year-over-year while non-GAAP diluted earnings per share were $1.03.

“We delivered another strong quarter as our Qualcomm Snapdragon solutions were prominent in a broad set of flagship smartphones, and 3G/4G device average selling prices were stronger than expected. We also focused on return of capital to stockholders and increased our stock repurchases and dividends paid during the quarter,” said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm.

“This quarter, we continued our technology leadership, with our Snapdragon 800 processor powering the world’s first LTEAdvanced smartphone. We see expanding opportunities for growth of 3G/4G devices around the globe, driven by the strong pace of innovation in the industry.

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