Chip powerhouse QUALCOMM Incorporated (QCOM) recently reported its fiscal fourth quarter (ended September 24) results, which showed declines in the company’s top and bottom-line figures compared to the prior year period.
For the fourth quarter, QCOM’s non-GAAP revenues declined 24% year-over-year to $8.67 billion, while its non-GAAP EPS came in at $2.02, down 35% from the prior-year quarter. However, both figures topped the analyst estimates of $8.51 billion and $1.91, respectively.
