SAN DIEGO—Qualcomm Inc. said its second-quarter profits stood at $43.9 million, or 5 cents a share, amounting to a 60-percent drop. A year earlier, the company reported net income of $109.7 million, or 15 cents a share.
The company attributed the fall to reduced patent royalties, special charges and subdued chip shipments.
Excluding items, the company said its income was $160.8 million, or 20 cents a share.
