Business Standard

Qualcomm quarterly revenue misses Wall Street estimates


(Reuters) - Qualcomm Inc missed analysts' expectations for holiday-quarter revenue, as slowing smartphone demand in China and the loss of big customer Apple Inc took a toll on its chip sales.
Net income attributable to Qualcomm was $1.07 billion, or 87 cents per share, for the quarter ended Dec. 30, compared with a loss of $5.98 billion, or $4.05 per share, a year earlier when it took a $6 billion tax charge.
Revenue fell 20 percent to $4.84 billion, missing analysts' estimates of $4.90 billion
(Reporting by Sonam Rai in Bengaluru; Editing by Bernard Orr)

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First Published: Jan 31 2019 | 2:45 AM IST

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