Earnings: Qualcomm Reports Mixed Fiscal Q4 Results; MediaFlo Drags Profits Down

imageQualcomm (NSDQ: QCOM) said its fiscal fourth-quarter revenues increased 45 percent to $3.33 billion compared to the same quarter a year-ago, and profits fell 22 percent to $878 million, or to 52 cents a share. For the full year, Qualcomm reported profits of $3.16 billion on revenues of $11.14 billion. Quarterly results exceeded the expectations of analysts, who were estimating revenues of $2.86 billion. However, the results fell short of the 60 cents a share that analysts looking for. Results were positively affected by a $2.5 billion payment the company received from Nokia (NYSE: NOK), relating to settlement agreements over licenses.

Highlights from the company’s results:

MediaFlo results: Qualcomm

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