Qualcomm Inc. (Nasdaq: QCOM), a wireless phone maker, easily topped Wall Street estimates Monday with third quarter operating earnings of $135 million, or 75 cents a share, excluding charges, on sales of $1 billion.
Wall Street was expecting earnings of 63 cents a share, according to First Call Corp.
Including charges of $117 million associated primarily with the sale of the Qualcomm's terrestrial Code Division Multiple Access (CDMA) wireless infrastructure business, the company reported earnings of $59 million, or 35 cents, a share.
Revenue in the third quarter jumped 15 percent from $875 million in the year ago quarter. The company cited the sales growth to strong results among all of its products, including Application Specific Integrated Circuits (ASICs), OmniTRACS units and CDMA phones, and royalties.
In other earnings news on Monday:
Software developer Citrix Systems (Nasdaq: CTXS) beat estimates for its second quarter with earnings of $30.2 million, or 32 cents a share, excluding charges. Wall Street was expecting earnings of 31 cents a share. Revenue for the quarter was $94.4 million, up 68 percent from $56.2 million a year ago. Including acquisition charges, Citrix reported earnings of $27.8 million, or 29 cents a share. WebTrends (Nasdaq: WEBT) topped Wall Street estimates by a penny with second quarter earnings of $525,600, or 4 cents a share, on sales of $4 million. Sales were up 33 percent sequentially. Lattice Semiconductor (Nasdaq: LSCC) reported first quarter operating earnings of $12.8 million, or 53 cents a share. Wall Street was expecting earnings of 52 cents a share. Including charges related to the acquisition of Vantis, Lattice reported a loss of $2.16 a share. Revenue for the quarter was $59.7 million, including $3.1 million in post-acquisition Vantis revenue, up 24 percent from the $48 million a year ago.