SAN DIEGO (CNS) - San Diego-based Qualcomm Inc. Wednesday reported net income of $1.21 billion in the third quarter of its fiscal year, up 17 percent from the same period one year ago.
That equates to 69 cents per diluted share for the maker of computer chips inside cell phones and other wireless devices.
The company reported revenues of $4.63 billion, up 28 percent over the same time last year.
"Adoption of 3G and 3G/4G technologies continues around the world, driving strong year-over-year growth in our chipset and licensing businesses this quarter," said Chairman and CEO Paul Jacobs.
He said the company has slightly lowered its expectations for growth in the fourth quarter, however. Qualcomm projects revenue in the final three months of the fiscal year to be between $4.45 billion and $4.85 billion.
For the first nine months of the current fiscal year, net income was $4.9 billion, up 22 percent over the first three quarters of last year, with earnings per diluted share of $2.83, according to Qualcomm.
Two San Diego County community colleges announced Monday they expect to waive tuition for thousands of first-time, full-time students as part of the California College Promise program.
A Rancho Penasquitos teen is getting ready for his first day of school this week with his new service dog. The senior at Mt. Carmel High School was injured in a horrific car crash and is now in a wheelchair.
Researchers carrying out unprecedented efforts to save an ailing young killer whale in the U.S. Northwest released live salmon into waters in front of the free-swimming orca but didn't see her take any of the fish.
A San Diego County sheriff's deputy already facing charges that he groped 13 women while on duty pleaded not guilty Monday to five new charges, including forcible oral copulation.
San Diego police are searching for an assault with a deadly weapon suspect in the vicinity of Euclid Avenue and Home Avenue in Chollas Creek Monday and are asking the public to avoid the area.
Three bills authored by San Diego-area legislators were signed into law Monday by Gov. Jerry Brown, including one that increases penalties in human-trafficking cases and another limiting interactions between male correctional officers and female prisoners.
The investigation continues into the tragic killing of a pregnant mother and her two young daughters in Colorado. The girls' father remains behind bars accused in their deaths.
'A deep breath will be useful throughout your whole day. It can help you reset when things don’t go your way …'
Sahara Rose shares her wisdom about Ayurveda and shows people the benefits of eating according to their Dosha.