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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • QUALCOMM Revenue And Earnings Climb 0 comments
    Nov 7, 2013 10:17 AM | about stocks: QCOM, AAPL, SSNLF

    Originally published at

    Filing in Focus: QUALCOMM 10-K, November 6, 2013

    QUALCOMM Incorporated (NASDAQ:QCOM) announced its financial results for the fourth quarter and full 2013 fiscal year, reporting a climb in revenue and earnings. The smartphone chip maker, which sells its products to Apple (OTC:APPL) and Samsung (OTC:SSNLF), reported fourth quarter earnings of $1.5B and $0.86 per share, up from $1.27B and $0.73 per share last year. Revenue jumped 33% to $6.48B, beating analyst predictions of $6.34B. QUALCOMM's outlook for fiscal year 2014 is more reserved as the company foresees a slowing of smartphone demand, but still is forecasting solid growth. For the full fiscal year, revenues increased to $24.87B, within its guidance, while earnings per share of $4.51 also fell inside of the $4.48 to $4.56 per share range. CEO Paul Jacobs commented that the company continues to focus on areas that will bring the company a lot of growth, as it looks to trim its spending in certain areas while being more judicious in its research and development projects.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: QCOM, AAPL, SSNLF
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