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Qualcomm Earns $767M, Up 18 Percent From Year Ago

Qualcomm Inc. reported late Jan. 23 that it earned $767 million during the quarter ended Dec. 30 , up 18 percent from the same quarter one year ago.

Earnings were 46 cents per diluted share. Revenue was $2.44 billion.

In the year-ago quarter, the company reported net income of $648 million, or 38 cents per diluted share, on revenue of $2.01 billion.

Qualcomm trades on the Nasdaq as QCOM. During midday trading on Jan. 24, shares were at $40.21, up more than 9 percent from the previous day’s closing price.

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, Brad Graves

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