Qualcomm raises profit forecast
From Times Wire Services
Qualcomm Inc. raised its profit forecast for the fourth quarter, citing higher-than-expected shipments of its chip sets for more advanced cellphones.
Qualcomm expects earnings of 64 cents to 65 cents a share, up from its previous forecast of 41 cents to 43 cents. The San Diego company says revenue will come in “at or slightly above” its earlier estimate of $2.15 billion to $2.25 billion.
