SAN DIEGO-Qualcomm Inc. said it will meet the high end of its first-quarter 2005 estimates with revenues of about $1.4 billion, excluding the Qualcomm Strategic Initiatives segment.
The company expects its earnings per share to be about 26 cents to 27 cents based on the shipment of about 39 million phone chips during the quarter.
The company Nov. 3 had estimated revenues of about $1.3 billion to $1.4 billion for the quarter, amounting to about a 12- to 13-percent year-over-year increase.
“3G CDMA continues to grow worldwide at a rapid pace,” said Irwin Jacobs, chairman and chief executive officer of Qualcomm. “Reports from our licensees indicate that infrastructure sales were particularly strong in the September quarter.”
