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NEW YORK, Nov 7 (Reuters) – Qualcomm Inc reported
quarterly revenue that beat Wall Street expectations as demand
increased for chips in devices such as smartphones and tablet
computers.
The chip maker’s profit for its fiscal fourth-quarter ended
Sept. 30 rose 20 percent from the year-ago quarter to $1.27
billion, or 73 cents per share.
Its revenue of $4.87 billion was up 18 percent from the
year-ago quarter and compared with Wall Street expectations for
$4.66 billion according to Thomson Reuters I/B/E/S.
