On Jan. 24, 2007, after the market closed, Qualcomm (NASDAQ:QCOM) released fiscal first-quarter results for the period ended Dec. 31, 2006. Here are the quick and dirty details for the quarter.
Sales grew 16% to $2 billion. Growth was attributed to "record 3G handset and chipset shipments."
Total diluted earnings grew 5.6%, which includes stock-based compensation expense and other charges.
Management is targeting 8%-14% sales growth for fiscal 2007 and diluted earnings per share of $1.44-$1.49, or a flat-to-3% increase from 2006.
Three months ended Dec. 31, 2006 and Dec. 25, 2005.
Fool contributor Ryan Fuhrmann is long shares of Qualcomm, Motorola, and Nokia but has no financial interest in any other company mentioned. The Fool has an ironclad disclosure policy. Feel free to email him with feedback or to discuss any companies mentioned further.