Q's earnings news--MarketWatch...
www2.marketwatch.com
>>>Wednesday, July 19, 2000
Qualcomm profit up 40%
--4:37 pm - By Jeffry Bartash
SAN DIEGO (CBS.MW) -- Qualcomm, a wireless-technology bellwether, said after the markets closed Wednesday that third-quarter earnings rose 40 percent to pro forma $218 million, or 27 cents a share, up from $156 million, or 22 cents, a year earlier
The results were in line with the 27-cent consensus estimate of analysts surveyed by First Call.
Qualcomm (QCOM: news, msgs) revenue registered $714 million, up 11 percent from $645 million in the year-ago period. Analysts, however, had been expecting sales closer to $750 million.
Shares of Qualcomm lost 2 1/8 to 63 on Wednesday.<<< |
