QUALCOMM Announces Third Quarter Fiscal 2002 Results with Record

QUALCOMM Announces Third Quarter Fiscal 2002 Results with Record

Post by Monty Solomo » Sat, 27 Jul 2002 08:16:34



     Shipments of MSM Phone Chips
     - Jul 25, 2002 04:49 PM (BusinessWire)
     - http://finance.lycos.com/home/news/story.asp?story=28004190
 
 
 

1. QUALCOMM Announces Fourth Quarter and Fiscal 2002 Results

  Q4 GAAP Revenues $874 Million, EPS $0.23 - FY2002 $3.0 Billion, EPS $0.44

Q4 Pro Forma Revenues $840 Million, EPS $0.31 - FY2002 $2.9 Billion,
EPS $0.98

     QUALCOMM's fourth quarter fiscal 2002 earnings conference call will be
     broadcast live on November 7, 2002 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 20898587.

    SAN DIEGO, Nov. 7 /PRNewswire-FirstCall/ -- QUALCOMM Incorporated
(NASDAQ:QCOM) today announced its fourth quarter and fiscal 2002
results ended September 29, 2002.  GAAP reported revenues were $874
million (34 percent increase) in the fourth quarter of fiscal 2002
compared to $651 million in the year ago quarter.  GAAP reported
earnings were $190 million or $0.23 per share in the fourth quarter
compared to a loss of $75 million or $0.10 loss per share in the year
ago quarter.  GAAP reported revenues were $3.0 billion (13 percent
increase) in fiscal 2002 compared to $2.7 billion in fiscal 2001.
GAAP reported earnings were $360 million or $0.44 per share in fiscal
2002 compared to a loss of $578 million or $0.76 loss per share in
fiscal 2001.  Pro forma revenues were $840 million (29 percent
increase) in the fourth quarter of fiscal 2002 compared to $651
million in the year ago quarter.  Pro forma earnings were $250 million
or $0.31 per share (63 percent increase) in the fourth quarter of
fiscal 2002 compared to $155 million or $0.19 per share in the year
ago quarter.(1) Pro forma revenues were $2.9 billion (9 percent
increase) in fiscal 2002 compared to $2.7 billion in fiscal 2001.  Pro
forma earnings were $794 million or $0.98 per share (11 percent
increase) in fiscal 2002 compared to $710 million or $0.88 per share
in fiscal 2001 (see PRO FORMA CONDENSED CONSOLIDATED STATEMENTS OF
OPERATIONS table).  The increase in revenues in the fourth quarter and
fiscal 2002 compared to the year ago quarter and fiscal 2001 was
primarily related to increasing demand for CDMA products across all
major regions of CDMA deployment.

http://finance.lycos.com/home/news/story.asp?story=29523463

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