Nov 4th, 2009 - Boston
SAN DIEGO—Qualcomm Inc. says its fiscal fourth-quarter profit slipped 9 percent as revenue from the mobile phone technology it licenses and mobile-phone chips it makes declined.
Qualcomm, based in San Diego, said Wednesday earnings for the three months ended Sept. 27 fell to $803 million, or 48 cents per share, from $878 million, or 52 cents per share, in the same period last year.
That fell short of expectations. Analysts surveyed by Thomson Reuters forecast a profit of 52 cents per share.
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