Qualcomm (NASDAQ:QCOM) Fiscal Q3 Non-GAAP Earnings, Revenue Drop; Fiscal Q4 Guidance Issued

Qualcomm (NASDAQ:QCOM) reported fiscal Q3 non-GAAP earnings  of $1.87 per diluted share, down from $2.96 a year earlier.

Analysts polled by Capital IQ expected $1.81.

Revenue for the quarter ended June 25 was $8.45 billion, down from $10.94 billion a year earlier.

Analysts surveyed by Capital IQ expected $8.51 billion.

The company said it expects fiscal Q4 non-GAAP EPS of $1.80 to $2. Analysts surveyed by Capital IQ are looking for $1.91.

Revenue for the quarter is projected to be $8.1 billion to $8.9 billion, the company said. Analysts polled by Capital IQ are expecting $8.74 billion.

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