QUALCOMM increased its financial guidance for the third fiscal quarter ending June 25, 2006.
“The increase in our guidance reflects stronger than expected new orders for our very low-tier chipsets as well as increased demand for 1xEV-DO chipsets,” said Dr. Paul E. Jacobs, CEO of QUALCOMM.
The company now anticipates third fiscal quarter pro forma revenues to be at or slightly above the high end of prior guidance of approximately $1.77 to $1.87 billion. We now anticipate third fiscal quarter QUALCOMM pro forma diluted earnings per share to be approximately $0.38 to $0.40, compared to $0.28 in the year ago quarter. This estimate is based on the shipment of approximately 53 to 56 million Mobile Station Modem (MSM) chips during the quarter compared to approximately 36 million in the year ago quarter and approximately 49 million in the prior quarter. QUALCOMM previously anticipated third fiscal quarter QUALCOMM pro forma diluted earnings per share of approximately $0.36 to $0.38 and estimated shipments of approximately 50 to 53 million MSM chips.http:/www.qualcomm.com
