Qualcomm revenue bts Street, shares up
Agencies: New York, Nov 08 2012, 11:17 IST
net profit for its fiscal fourth-quarter ended Sept. 30 rose to $1.27 billion, or 73 cents per share, from $1.06 billion, or 62 cents per share, in the year-ago quarter.
It estimated that first quarter earnings per share would increase to a range of 90 cents to 98 cents.
Shares of Qualcomm rose almost 8 percent to $62.74 in late trade after closing down almost 4 percent at $58.12 on Nasdaq.
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