Qualcomm's fourth-quarter revenue of 4.8 billion US dollars, net profit turned losses into profit

Qualcomm today announced its fourth-quarter and full-year earnings for the 2019 fiscal year. According to the US GAAP, Qualcomm's fourth-quarter total revenue was $4.8 billion, down 17.2% from $5.8 billion in the same period last year; Qualcomm's fourth-quarter net profit was $500 million. In comparison, the net loss of 500 million US dollars in the same period last year, simultaneous losses.

Up to now, Qualcomm's total revenue in 2019 was US$24.273 billion, down 7% from US$22.611 billion in the same period of last year. According to non-GAAP, total revenue was US$19.398 billion, compared with the same period last year. The US$22.611 billion was down 14%; the net profit was US$4.386 billion, and the net loss for the same period last year was US$4.964 billion, a year-on-year loss. According to non-GAAP, net profit was $4.323 billion, a decrease of 19% from $5.343 billion in the same period last year;

By department, QCT division (Qualcomm CDMA Technologies) fourth-quarter revenue was $3.611 billion, down 22% from $4.647 billion in the previous year; revenue for fiscal year 2019 was $14.439 billion, compared to $17.282 billion in the previous year. Declining 15%; QTL division (Qualcomm Technology Licensing) fourth quarter revenue of 1.158 billion US dollars, an increase of 4% over the previous year's 1.113 billion US dollars; 2019 fiscal year revenue of 4.591 billion US dollars, down from last year's 5.04 billion US dollars 9%.

Qualcomm estimates that revenue for the first quarter of fiscal 2020 ranged from $4.4 billion to $5.2 billion, down 13% to 7% from $4.8 billion in the same period last year; diluted earnings per share ranged from $0.51 to $0.61 Meanwhile, diluted earnings per share for the same period last year was $0.87, a decrease of 30% to 41% from the same period last year.

Email: Info@ariat-tech.comHK TEL: +00 852-30522540ADD: Rm 2703 27F Ho King Comm Center 2-16,
Fa Yuen St MongKok Kowloon, Hong Kong.