Qualcomm Inc. (QCOM, Financial) has reported its quarterly earnings after the closing bell which caused its share price to slump by 4% in after-hour trading. Analyst expected the firm to report earnings of $1.32 per share on revenues of $7.03 billion for the fourth quarter. Compared to the firm reporting $1.26 per share, a 25% year over year increase on revenues of $6.69 billion. Still earnings and revenues were far less than what analyst but greater then the same quarter last year. Last year the company, during the same quarter, reported earnings of $1.05 per share on revenues of $6.48 billion.
Key parts of Qualcomm Inc. quarter and full-year results
The company reported earnings per share of $1.11, compared to 68 cents in the same quarter last year. Its operating income was $1.99 billion, which is a 25% increase year over year and a 4% sequential decline. Qualcomm's operating cash flow for the fourth quarter fell as well, falling 36% year over year to $1.62 billion and making up 24% of revenues.
For the year firm revenues rose 7% to $26.49 billion and diluted earnings as well 19% to $4.65 per share. Non-GAAP earnings rose 17% to $5.27.
Shipment of chips and return capital to shareholders
The firm reported that its shipped $236 million MSM chips, which was a 24% year-over-year increase for the fourth quarter. For the entire year the firm shipped $861 million MSM chips, and that is a 20% improvement year over year. During the full year it returned $1.9 billion to shareholders, which includes repurchasing $1.2 billion worth of shares. Qualcomm also paid $702 million in dividends or 43 cents per share.
