(Reuters) - Qualcomm Inc’s (QCOM.O) quarterly profit fell 51.5 percent due to higher costs.
FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake/File Photo
San Diego-based Qualcomm said on Wednesday net income fell to $363 million or 24 cents per share in the three months ended March 25, from $749 million or 50 cents per share a year earlier.
Total revenue rose 4.9 percent to $5.26 billion.
(This story has been refiled to remove reference of company selling fewer modem semiconductors used in mobile phones in first paragraph.)
Reporting by Sonam Rai in Bengaluru and Stephen Nellis in San Francisco; Editing by Sai Sachin Ravikumar