Qualcomm Profit Up; Outlook Disappoints
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Wireless technology company Qualcomm  Inc. QCOM.O on Wednesday reported a higher quarterly profit  on growing demand for its technology but its outlook for the  current quarter disappointed some investors.
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Qualcomm (QCOM:Nasdaq - news - research) raised its current-quarter earnings estimate but saw its shares tank because of uncertainty about the accounting for its huge royalty franchise.
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German engineering conglomerate Siemens  posted first-quarter profits on Thursday that beat  expectations, but it failed to present a solution for its  ailing mobile-phones business or a clear full-year outlook.
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Wireless technology company Qualcomm Inc.  on Wednesday posted quarterly earnings that rose 46 percent on strong sales of cell phones using its chips, but said current-quarter earnings would fall short of the average Wall Street forecast.
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Texas Instruments posted a 10 percent increase in quarterly profit, but gave a disappointing revenue forecast, which sent its shares lower in after-hours trading.
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Strong wireless and Internet subscriber growth pushed revenue up at the phone company, but profit fell after merger-related costs and other items.
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Stocks rose on Thursday after reassuring results from Oracle Corp  and a higher earnings outlook from Qualcomm Inc  helped to lift the technology sector.
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Qualcomm Inc.&#39;s earnings rose 35 percent on continued sales growth in its fiscal fourth quarter, but the cell-phone technology company projected earnings for the new fiscal year below Wall Street&#39;s views.
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Qualcomm Inc  posted a  quarterly profit that rose 24 percent on Wednesday, handily  beating Wall Street estimates on strong demand for high-end  mobile phones using its chips and technology licenses.
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Nextel Communications Inc., the sixth largest U.S. mobile company, on Friday said its third-quarter profit rose amid strong customer growth and it raised its earnings forecast for the full year.
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Wireless technology and chip  supplier Qualcomm Inc  on Wednesday posted a higher  profit for its fiscal first quarter as revenue rose on strong  demand for its mobile phone chips.
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Investor's Business Daily - Thanks to earlier reports of a strong cell phone market, it didn't surprise many analysts that Qualcomm, a leading cell phone company, on Friday boosted its earnings guidance.
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Texas Instruments Inc. , the largest maker of chips for cellular phones, on Monday said quarterly profit rose about 26 percent on demand from handset makers even as it struggles with a nagging inventory problem.
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Improved profits surprise Wall Street, but PC maker warns that figures are preliminary and reveals little detail.
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Wireless technology company Qualcomm Inc. reported a larger fourth-quarter profit on Wednesday despite changing the way it accounts for royalties on licenses of its technology.
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Qualcomm Inc  posted a higher quarterly profit on Wednesday due to demand for its mobile phone chips, and its shares rose 6.5 percent.
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U.S. phone company Qwest Communications International Inc  on Tuesday reported an 89 percent rise in fourth-quarter profit, boosted by a benefit related to income tax.