Qualcomm Inc posted higher-than-expected quarterly revenue as strong smartphone sales boosted demand for its wireless chips, sending its shares up 7.7 percent.
Qualcomm said profit for its fiscal fourth quarter ended September 26 rose 8 percent to $865 million from the year-ago quarter. On a per share basis it earned 53 cents in the latest quarter.
Revenue rose 10 percent to $2.95 billion, ahead of analysts' average expectation of $2.85 billion, according to Thomson Reuters I/B/E/S.
The San Diego-based company said on Wednesday it expects to exit its Flo TV mobile television service and forecast restructuring charges of $125 million to $175 million in fiscal 2011 related to the exit. It said it is still looking for strategic options for the business.
Qualcomm shares rose to $49.25 in extended trading after closing at $45.69 on Nasdaq. The stock had already risen almost 20 percent since late August.作者: 何鸿燊 时间: 2010-11-3 17:20
Whole Foods profit up 58%
By Matt Andrejczak, MarketWatch
SAN FRANCISCO (MarketWatch) — Whole Foods Inc. reported Wednesday a 58% leap in its quarterly profit and raised its 2011 outlook, sending its shares higher in after-hours trading.
Net income for the upscale natural foods grocer’s fiscal fourth-quarter totaled $57.5 million, or 33 cents a share. Analysts had expected the grocer to earn 28 cents, according to a FactSet Research survey. Sales rose 15% to $2.1 billion.
WFMI 41.07, +0.62, +1.53%
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Whole Foods (NASDAQ:WFMI) shares rose 7% in after-hours trading.
Identical store sales — a key gauge of grocer health — grew 8.7%, topping expectations and marking the fourth consecutive quarter of positive growth. Austin, Texas-based Whole Foods runs 301 stores.
In the down economy, Whole Foods has shifted sales tactics. It’s ramped up promotions through its “Whole Deal” discount program, widened its cheaper 365 store brand line, and boosted Internet coupon offerings.
Whole Foods shares are up 48% for the year, making the stock the best performer among the larger U.S. food retailers. Among the traditional U.S. supermarket chains, Kroger is up 10% and Safeway is up 8%.
By comparison, the S&P 500 Index is up 6% year-to-date.
For its fiscal year that ends October 2011, Whole Foods projected earnings between $1.66 and $1.71 a share, up from its Aug. 3 forecast of $1.59 to $1.64 a share. Earnings will be helped by lower debt-interest expenses due to a recent credit upgrade from Standard & Poors.
The grocer said identical store sales will grow 5% to 7%, compared to its previous forecast for growth of 4.5% to 6.5%. But Whole Foods said growth will moderate throughout 2011 as it laps a strong 2010.
