Qualcomm, Inc. (NASDAQ: QCOM) reported Q3 EPS of $1.44, $0.22 better than the analyst estimate of $1.22. Revenue for the quarter came in at $6.8 million versus the consensus estimate of $6.52 million.

Qualcomm, Inc. sees FY2014 EPS of $5.21-$5.36, versus prior guidance of $5.05-$5.25 and the consensus of $5.17. Qualcomm, Inc. sees FY2014 revenue of $26.3-27.2 billion, versus prior guidance of $26-27.5 billion and the consensus of $26.62 billion.

Q4 EPS is seen at $1.20-$1.35 vs consensus of $1.38. Q4 revenue is seen at $6.5 -$7.4 billion vs est. $7.13 billion.

"We are pleased to report another record quarter with revenues, earnings per share and chip shipments reaching all-time highs, driven by broad-based demand for our industry-leading 3G/4G chipset solutions," said Steve Mollenkopf, CEO of Qualcomm Incorporated. "Looking forward, although we have lowered our near-term financial outlook for the licensing business, we are pleased to be raising our fiscal year earnings per share guidance on better than expected performance in our semiconductor business."

Third Quarter Results (GAAP)*

• Revenues: 1 $6.81 billion, up 9 percent year-over-year (y-o-y) and 7 percent sequentially.
• Operating income: 1 $2.08 billion, up 24 percent y-o-y and 4 percent sequentially.
• Net income: 2 $2.24 billion, up 42 percent y-o-y and 14 percent sequentially.
• Diluted earnings per share: 2 $1.31, up 46 percent y-o-y and 15 percent sequentially.
• Effective tax rate: 1 10 percent.
• Operating cash flow: $2.67 billion, up 29 percent y-o-y; 39 percent of revenues.
• Return of capital to stockholders: $2.06 billion, including $1.35 billion through repurchases of 17.0 million shares of common stock and $706 million, or $0.42 per share, of cash dividends paid.

Non-GAAP results exclude the QSI (Qualcomm Strategic Initiatives) segment and certain share-based compensation, acquisition-related items and tax items.

• Revenues: $6.81 billion, up 9 percent y-o-y and 7 percent sequentially.
• Operating income: $2.43 billion, up 19 percent y-o-y and 4 percent sequentially.
• Net income: $2.47 billion, up 35 percent y-o-y and 10 percent sequentially.
• Diluted earnings per share: $1.44, up 40 percent y-o-y and 10 percent sequentially.
• Effective tax rate: 13 percent.

For earnings history and earnings-related data on Qualcomm, Inc. (QCOM) click here.