Qualcomm posts higher 1st-quarter revenue, short of Street

SAN FRANCISCO Wed Jan 29, 2014 4:05pm EST

SAN FRANCISCO Jan 29 (Reuters) - Leading mobile chipmaker Qualcomm Inc posted higher fiscal first-quarter revenue that slightly missed expectations as smartphone growth shifted from developed economies to China.

The chipmaker on Wednesday reported first-quarter revenue of $6.62 billion, up 10 percent from the year-ago period. Analysts on average had expected first-quarter revenue of $6.665 billion, according to Thomson Reuters I/B/E/S.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.