UPDATE: Qualcomm (QCOM) Tops Q4 EPS by 5c

(Updated - November 4, 2015 4:16 PM EST)

Qualcomm (NASDAQ: QCOM) reported Q4 EPS of $0.91, $0.05 better than the analyst estimate of $0.86. Revenue for the quarter came in at $5.5 billion versus the consensus estimate of $5.21 billion.

“Our fiscal fourth quarter revenues and EPS were at the high end of our expectations, with stronger-than-expected MSM chipset shipments offsetting slower than expected progress concluding new license agreements in China. We executed a major increase in our capital return program in fiscal 2015, returning a record $14 billion of capital to stockholders,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “We are encouraged by customer reaction to our flagship Snapdragon 820, are on track to deliver on our fiscal 2016 cost reduction targets and expect to exit fiscal 2016 on an improving financial trajectory.”

Sees Q1 revenue of $5.2 - $6.0 billion and adjusted EPS of $0.80 - $0.90. The Street sees Q116 revenue of $5.8 billion and EPS of $1.08.

For earnings history and earnings-related data on Qualcomm (QCOM) click here.

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