Qualcomm Wed. hiked its Q3 earnings forecast based on more demand...
Qualcomm Wed. hiked its Q3 earnings forecast based on more demand for low-end cell chips and high-end wireless technology. The manufacturer upped its revenue estimate to 38-40 cents per share, up 2 cents from earlier projections. Most of the…
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company’s growth is coming from China and India, it said. Investment firm Lazard Capital Markets ranked the company a “BUY,” saying the raised earnings projections are a “hard act to follow.” It noted concern about 6 competitors in Europe and the U.S. suing Qualcomm for unfair business practices.