Qualcomm posts second-quarter revenue

Wireless technology company Qualcomm has announced second-quarter revenue of $2.6bn, compared to $2.46bn in 2009 in the second quarter of 2009 and $2.67bn in the first quarter of 2010.

The company also posted an operating income of $776m, compared to an operating loss of $10m in the same quarter of 2009 and an operating income of $879m in the previous quarter of the current fiscal year.

Net income was $774m, versus a net loss of $289m in the previous year’s second quarter, while net income in the first quarter was $289m.

Qualcomm announced diluted earnings per share of $0.46, compared to a diluted loss per share of $0.18 in the same quarter last year and diluted earnings per share of $0.50 in the last quarter.