Qualcomm Inc. Earnings Retreat 29% In Q3

(RTTNews) - Qualcomm Inc. (QCOM) announced a profit for third quarter that decreased compared to the same period last year.

The company said its earnings came in at $1.2 billion, or $0.83 per share. This was down from $1.7 billion, or $1.16 per share, in last year's third quarter.

The company said revenue for the quarter fell 11.7% to $5.3 billion. This was down from $6.0 billion last year.

Qualcomm Inc. earnings at a glance:

-Earnings (Q3): $1.2 Bln. vs. $1.7 Bln. last year. -Earnings Decline (Y-o-Y): -29.4% -EPS (Q3): $0.83 vs. $1.16 last year. -EPS Decline (Y-o-Y): -28.4% -Revenue (Q3): $5.3 Bln vs. $6.0 Bln last year. -Revenue Change (Y-o-Y): -11.7%

-Guidance: Next quarter EPS guidance: $0.75 - $0.85 Next quarter revenue guidance: $5.4B - $6.2B