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Spreadtrum Jumps Most in Two Months in New York on Sales Outlook

Dec. 8 (Bloomberg) -- Spreadtrum Communications Inc., a Chinese mobile-phone chipmaker, surged the most in two months in New York after saying revenue may exceed forecasts.

Spreadtrum American depositary receipts gained 7.6 percent to $22.30 at 9:47 a.m. in New York after earlier soaring as much as 8.5 percent, the most intraday since Oct. 4. Spreadtrum, based in Shanghai, said in a statement today it is “on track to meet or exceed” its fourth-quarter revenue forecast of $188 million to $194 million.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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