Qualcomm Announces Third Quarter Fiscal 2008 Results (PR Newswire)

SAN DIEGO, July 23 /PRNewswire-FirstCall/ -- Qualcomm Incorporated (Nasdaq: QCOM - News ) today announced results for the third fiscal quarter of 2008 ended June 29, 2008. Qualcomm's third quarter fiscal 2008 earnings conference call has been rescheduled to Thursday, July 24, 2008, beginning at 8:00 a.m. Eastern Daylight Time (5:00 a.m. Pacific Daylight Time). Conference call details are included herein. Total Qualcomm (GAAP) Third Quarter Results Total Qualcomm results are reported in accordance with generally accepted accounting principles (GAAP). -- Revenues: $2.8 billion, up 19 percent year-over-year and 6 percent sequentially. -- Net income: $748 million, down 6 percent year-over-year and 2 percent sequentially. -- Diluted earnings per share: $0.45, down 4 percent year-over-year and sequentially. -- Effective tax rate:... [read full story]