Qualcomm Sales Get Boost on Higher China Orders, Royalties

  • Fourth-quarter revenue may exceed estimates; shares jump
  • Smartphone-chip sales top company target on Chinese demand

Qualcomm Inc., the biggest maker of chips that run mobile phones, forecast fourth-quarter sales and profit that may exceed analysts’ estimates, helped by higher royalties and a jump in chip orders from Chinese customers. Shares gained as much as 8.2 percent.

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