Qualcomm reported their earnings for fiscal Q4 2014 as well as FY 2014 in the third quarter this year, missing analysts estimates and guiding FY 2015 down.
Qualcomm just announced their earnings for the fiscal third quarter of 2014 which includes the calendar second quarter of 2014, and their earnings were strong as ever. Qualcomm reported $2.24 billion in profit on $6.81 billion in revenues, this represents a 9 percent growth in revenue year over year as well as a 7 percent growth over the previous quarter. Profits also grew a whopping 42 percent year over year and 14 percent sequentially, squashing investors’ worries that Qualcomm’s caution last year about flatter revenues might affect profitability. Diluted EPS was $1.31, up 46 percent year over year and 15 percent sequentially. These earnings figures