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Qualcomm's quarterly profit is a plus for company stockholders: growing Japanese market boosts sales for the company.

Publication: San Diego Business Journal
Publication Date: 25-JUL-05
Format: Online
Delivery: Immediate Online Access
Full Article Title: Qualcomm's quarterly profit is a plus for company stockholders: growing Japanese market boosts sales for the company.(High-Tech)

Article Excerpt
Qualcomm Inc.'s better-than-expected financial results for its third quarter caused the company's stock to jump more than $3 to $39.01 the day after the news was released.

Based in San Diego, Qualcomm makes semiconductor chips used in cell phones and wireless base stations.

For the quarter, the company reported on July 20-what day net income of $560 million, or 33 cents per share, on revenues of $1.35 billion compared with net profits of $486 million on revenues of $1.34 billion, or 30 cents per share, for the same quarter in 2004.

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