April 25, 2018 / 8:08 PM / 5 months ago

CORRECTED-Qualcomm's quarterly profit falls 51.5 percent

(Corrects to remove reference of company selling fewer modem semiconductors used in mobile phones in first paragraph)

April 25 (Reuters) - Qualcomm Inc's quarterly profit fell 51.5 percent due to higher costs.

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. (Reporting by Sonam Rai in Bengaluru and Stephen Nellis in San Francisco; Editing by Sai Sachin Ravikumar)

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