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SAN FRANCISCO (MarketWatch) -- Qualcomm Inc. said Wednesday afternoon that earnings for its fourth fiscal quarter slipped nearly 9% on lower sales of the company's wireless chipsets and related technology.

Shares of Qualcomm rose slightly in after-hours trading Wednesday after the report. The company predicted lower-than-expected revenue for its current quarter and issued a conservative forecast for the 2010 fiscal year.

In its earnings statement, the company said it recently extended its license agreement with wireless device maker Samsung to cover both 3G and 4G technology. Samsung is considered a major customer for Qualcomm, which makes chips and licenses technology used in wireless phones.

For the quarter ended Sept. 30, Qualcomm reported net income of $803 million, or 48 cents a share, compared to net income of $878 million, or 52 cents a share, for the same period the previous year.

On a pro-forma basis, the company said its earnings would have been $811 million, or 48 cents a share, for the recent period.

Revenue fell 19% to $2.69 billion.

Analysts were expecting the company to earn 52 cents a share on revenue of $2.72 billion, according to consensus forecasts from FactSet Research.

For the first fiscal quarter, the company said it expects earnings to come in the range of 54-58 cents a share, on a pro-forma basis. Analysts were expecting earnings of 55 cents a share for the period.

Revenue for the current quarter is expected to be between $2.55 billion and $2.78 billion -- the midpoint of which is below the $2.83 billion projected by analysts.

The company also gave its first estimates for the new fiscal year, ending in September of 2010. Revenue for the period is expected to come in the range of $10.5 billion to $11.3 billion. Analysts had been expecting $11.59 billion. Earnings are expected to come in between $2.10-$2.30 per share, compared to the Street forecast of $2.27 per share.