Qualcomm raises revenue forecast, EPS outlook fall
Post# of 28539
Posted On: 04/24/2013 5:15:05 PM
Qualcomm raises revenue forecast, EPS outlook falls short
By Noel Randewich SAN FRANCISCO (Reuters) - Leading cellphone chipmaker Qualcomm raised its full-year revenue forecast as demand for smartphones continues to grow, but its estimate for full-year earnings was shy of expectations and its shares fell sharply. San Diego-based Qualcomm is benefiting from strong demand for smartphones and a shift by network operators worldwide to a high-speed wireless technology known as long-term evolution (LTE), where the chipmaker is ahead of rivals. Qualcomm said it expects full-year revenue of $24. ...
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