(Corrects fourth paragraph to year-ago fourth-quarter net
earnings of "$865 million" from "$957.98 million")
* Q4 shr $0.62 vs year ago $0.53
* Q4 rev $4.12 bln vs Street view almost $4.0 bln
* Qualcomm stock up 9 pct after hours
(Adds earnings details, share price)
Nov 2 (Reuters) - U.S. chipmaker Qualcomm Inc forecast
double-digit sales growth this fiscal year as its quarterly
results beat Wall Street estimates due to strong demand for its
cellphone chips.
The mobile chip maker estimated full-year revenue of $18
billion to $19 billion, an increase of 20 to 27 percent from a
year ago, and 7 to 13 percent growth in earnings per share.
By comparison, rivals Broadcom Corp and Texas Instruments
had both warned last month that revenue could slip on weaker
demand this quarter.
In its fiscal fourth quarter, which ran until end
September, Qualcomm posted net earnings of $1.06 billion, or
0.62 cents per share, compared with $865 million, or 53 cents
per share, in the year-ago quarter.
Revenue rose 39 percent to $4.12 billion, compared with
Wall Street expectations for almost $4.0 billion according to
Thomson Reuters I/B/E/S.
Qualcomm shares rose 9 percent in late trade after closing
at $52.18 in the regular Nasdaq session.
(Reporting by Nicola Leske; editing by Richard Chang)
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