QUALCOMM increased its financial guidance for the fourth fiscal quarter and fiscal year ended September 25, 2005.
The company now anticipates fourth fiscal quarter revenues pro forma to be in the range of approximately $1.48 — $1.58 billion, an increase of approximately 8 — 15% year-over-year. We now anticipate fourth fiscal quarter pro forma diluted earnings per share to be approximately $0.32 — $0.33, an increase of approximately 7 — 10% year-over-year. This estimate is based on the shipment of approximately 40 million MSM phone chips during the quarter compared to 39 million in the year ago quarter.
“3G CDMA market momentum is strong,” said Dr. Paul E. Jacobs, chief executive officer of QUALCOMM. “We are seeing strength across many geographies in shipments of 3G CDMA handsets. During the June quarter, both CDMA and WCDMA handset shipments increased sequentially in most regions of the world. The increase of 3 — 4 million handsets, as compared to our prior guidance, is primarily attributable to greater CDMA2000 handset shipments to North America, Latin America, and the rest of the world. We are very pleased with the degree of traction our CDMA2000 1x EV-DO and WCDMA chipset solutions have received from device manufacturers. Consumers continue upgrading devices to take advantage of the many data services and advanced features that are now available on 3G CDMA networks.”http://www.qualcomm.com/
