QUALCOMM Announces Third Quarter Fiscal 2003 Results

QUALCOMM Announces Third Quarter Fiscal 2003 Results

Post by Monty Solomo » Fri, 25 Jul 2003 10:42:36



Revenues $922 Million, EPS $0.23
Revenues $891 Million, EPS $0.33 Excluding QSI Segment

SAN DIEGO, July 23 /PRNewswire-FirstCall/ -- QUALCOMM Incorporated
(Nasdaq: QCOM) today announced its third quarter fiscal 2003 results
ended June 29, 2003.  Revenues were $922 million in the third fiscal
quarter, up 20 percent year-over-year.  Third quarter net income was
$192 million, compared to a loss of $14 million year-over-year.
Earnings per share were $0.23, compared to a loss of $0.02 per share
year-over-year.

Revenues excluding the QUALCOMM Strategic Initiatives (QSI) segment
were $891 million in the third fiscal quarter, up 24 percent
year-over-year.  Net income excluding the QSI segment was $267
million, up 38 percent year-over- year.  Earnings per share excluding
the QSI segment were $0.33, up 38 percent year-over-year.  Detailed
reconciliations between total QUALCOMM results and results excluding
QSI are included at the end of this news release.  Prior period
reconciliations are presented on our Investor Relations web page at
www.qualcomm.com.

     - http://finance.lycos.com/home/news/story.asp?story=34966929

 
 
 

1. QUALCOMM Announces Record First Quarter Fiscal 2003 Results

              GAAP Reported Revenues $1.1 Billion and $0.30 EPS
          Revenues $1.1 Billion and $0.42 EPS Excluding QSI Segment

QUALCOMM's first quarter fiscal 2003 earnings conference call will be
broadcast live on January 22, 2003 beginning at 2:30 p.m. Pacific
Standard Time on the Company's web site at: www.qualcomm.com.  This
conference call may contain forward-looking financial information.
The taped audio replay will be available for five business days.  To
listen to the replay, U.S. callers may dial (800) 633-8284 and
international callers may dial (402) 977-9140.  Both U.S. and
international callers should use reservation number 21095067.

    SAN DIEGO, Jan. 22 /PRNewswire-FirstCall/ --

QUALCOMM Incorporated (NASDAQ:QCOM) today announced its first quarter
fiscal 2003 results ended December 29, 2002.  GAAP reported revenues
were $1.1 billion in the first fiscal quarter, up 26 percent
sequentially and 57 percent year-over-year.  Revenues increased
primarily due to record demand for CDMA products across global
markets.  GAAP reported net income was $241 million or $0.30 per share
in the first fiscal quarter, up 30 percent sequentially and 76 percent
year-over-year.

    Revenues excluding the QUALCOMM Strategic Initiatives (QSI)
segment were $1.1 billion in the first fiscal quarter, up 27 percent
sequentially and 54 percent year-over-year.  Net income excluding the
QSI segment was $345 million or $0.42 per share in the first fiscal
quarter, up 35 percent sequentially and 83 percent year-over-year.

     - http://finance.lycos.com/home/news/story.asp?story=31062871

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