Qualcomm Fiscal Q1 Earnings, Revenue Rise; Q2 Guidance Set

Qualcomm reported fiscal Q1 non-GAAP earnings Wednesday of $2.75 per diluted share, up from $2.37 a year earlier.

Analysts polled by Capital IQ expected $2.37.

Revenue in the quarter ended Dec. 24 rose to $9.92 billion from $9.46 billion a year earlier.

Analysts surveyed by Capital IQ expected $9.52 billion.

The company said it expects fiscal Q2 non-GAAP EPS of $2.20 to $2.40 on revenue of $8.9 billion to $9.7 billion. Analysts surveyed by Capital IQ project EPS of $2.24 on revenue of $9.3 billion.

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