Qualcomm reported mixed financial results for the first quarter of fiscal 2014. While net income surpassed the Zacks Consensus Estimate, total revenue fell below the same. However, management raised its financial outlook for fiscal 2014. Quarterly total revenue of $6,622 million was up 10% year over year. During the first quarter of fiscal 2014, Qualcomm shipped approximately 213 million CDMA-based MSM chipsets, up 17% year over year. This figure far exceeded the company's guidance of a mid-point of 202.5 million.