[Reuters] Qualcomm profit beats street, raises guidance; shares rise

Posted by: UGN Security

[Reuters] Qualcomm profit beats street, raises guidance; shares rise - 01/31/13 12:27 AM

NEW YORK (Reuters) - Qualcomm Inc , the world's leading supplier of chips for cellphones, reported quarterly earnings and revenue that beat Wall Street expectations and raised its financial targets for 2013 due to growing demand for smartphones and high-speed wireless services.