Qualcomm Result 05/11/15

Qualcomm Inc. reported Q4 and full year results of operations with a 12 month net profit of $5.27 billion, or $3.26 per share, down 34% YoY from $7.5 billion. The 12 month turnover was $25.3 billion, down 4.5% YoY from $26.5 billion. Q4 net profit was $1.06 billion, down 44% YoY, whereas turnover was $5.4 billion, down 18% YoY. Decline in MSM shipments, although still above expectations, were primarily responsible for the decline in financial performance.