Qualcomm Forecasts Higher Sales and Profit in Holiday Quarter, Giving Stock a 11% Boost ...Middle East

A smartphone with a displayed Qualcomm logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration San Diego-based wireless pioneer Qualcomm on Wednesday forecast that sales and profit in the current quarter would exceed Wall Street estimates as the company benefits from a recovering smartphone market, and its shares rose 11% in extended trading. Qualcomm said it expects sales and adjusted profits for its fiscal first quarter, which will cover the holiday shopping season in U.S. and European markets, with a midpoint of $10.90 billion and $2.95 per share. Wall Street expected $10.59 billion and $2.86 per share, according to data fr

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