Qualcomm exec 'very comfortable' with guidance

NEW YORK, March 11 (Reuters) - Qualcomm Inc (QCOM.O: Quote, Profile, Research) is "very comfortable" with its financial guidance and orders for future sales, a top executive told shareholders during a Webcast of its annual meeting on Tuesday.

The wireless chip maker made the comment after noting that rival Texas Instruments Inc (TXN.N: Quote, Profile, Research) had lowered its financial outlook for the first quarter.

"We've very comfortable with the guidance we gave, and we see strong order flow going into the future," the executive said.

In January, Qualcomm forecast current-quarter earnings of 50 cents to 52 cents per share on revenue of $2.4 billion to $2.5 billion. (Reporting by Sinead Carew; editing by Jeffrey Benkoe)