Tuesday , March 28 2023

Qualcomm reports quarterly loss | Reuters


A Qualcomm sign is seen at the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November 7, 2018. REUTERS / Aly Song

(Reuters) – Qualcomm Inc. (Reuters)QCOM.O) reported a loss in its fourth quarter on Wednesday, hurt by litigation expenses from its patent battles with customers including Apple Inc (AAPL.O) and a termination fee related to its collapsed NXP Semiconductors NV (NXPI.O) deal.

Revenue fell to $ 5.80 billion in quarter ended September 30, from $ 5.91 billion a year earlier.

Qualcomm's loss was $ 493 million, or 35 cents per share, compared with $ 168 million, or 11 cents per share, a year earlier. bit.ly/2Pf8YvL

Reporting by Sonam Rai in Bengaluru and Stephen Nellis in San Francisco; Editing by Anil D'Silva

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