Qualcomm released its financial report for the fourth quarter of fiscal year 2014 and the full year. The financial report shows that Qualcomm's revenue in the fourth fiscal quarter was $6.69 billion, up 3% year on year and down 2% month on month; Net profit was US $1.89 billion, up 26% year on year and down 15% month on month. While analysts' average expected revenue was $7.02 billion, Qualcomm's share price fell 4%.
Qualcomm's revenue in fiscal 2014 was 26.49 billion US dollars, up 7% year on year; Net profit was US $7.97 billion, up 16% year on year. Qualcomm expects revenue of $6.6 billion to $7.2 billion and earnings per share of $1 billion to $1.12 in the first fiscal quarter of fiscal 2015. Analysts on average expect Qualcomm's revenue to be $7.38 billion and earnings per share to be $1.43.
Steve Mollenkopf, CEO of Qualcomm, said that the licensing problems and antitrust investigations faced by the Chinese market in 2015 will affect Qualcomm's performance guidance expectations.