SAN FRANCISCO—WIRELESS BOOST: Qualcomm Inc., a chip-maker for mobile phones, reported stronger-than-expected quarterly results Wednesday driven by rising smartphone demand.
THE NUMBERS: In Qualcomm's fiscal fourth quarter, the company earned 80 cents per share, excluding special items, higher than analyst forecasts. Revenue rose 39 percent to $4.12 billion, higher than the $3.99 billion expected.
THE FORECAST: For fiscal 2012, Qualcomm expects earnings of $3.42 per share to $3.62 per share, excluding items, on revenue of $18 billion to $19 billion. Analysts expected earnings of $3.46 per share and revenue of $17.3 billion.