The San Diego chipmaker said late Wednesday that net income fell 6% to $748 million, or 45 cents a share, from $798 million , or 47 cents a share, a year earlier.
Excluding various items, the company earned 55 cents a share, in line with analysts' expectations.
Revenue grew 19% year over year to $2.76 billion, slightly ahead of the Street's average forecast of $2.71 billion.
Qualcomm said free cash flow fell 14% to $844 million.
Earlier Wednesday, the company said it
agreed to a legal settlement with
regarding the companies' patent license dispute. Qualcomm's shares jumped more than 15% in after-hours trading to $51.75 on the news.
This article was written by a staff member of TheStreet.com.