Qualcomm Sales Get Boost on Higher China Orders, RoyaltiesBy
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.