Ron Burgundy Posted July 20, 2016 Share Posted July 20, 2016 (Reuters) - Qualcomm Inc forecast current-quarter profit largely above market estimates as demand for its mobile chips rose and the company made progress with its licensees in China. Shares of the company, which also posted a better-than-expected third-quarter profit, rose 5.5 percent in extended trading on Wednesday. The company said it expected to earn $1.05 to $1.15 per share in the fourth quarter, compared with analysts' average estimate of $1.08, according to Thomson Reuters I/B/E/S. ... View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.