Qualcomm Slides on Outlook Despite Soaring Revenue

Qualcomm Inc.’s fiscal second-quarter profit soared as the chip maker saw adoption of its cellphone technologies continue to drive higher revenue.

But shares sank 6.3 percent to $62.80 after hours, then recovered about half that, as third-quarter earnings guidance came in below expectations. Through the close, the stock was up 22 percent so far in 2012 and it has been on an upward trend for much of the last two years.

The San Diego semiconductor company raised its full-year earnings guidance, now forecasting $3.61 to $3.76 a share. In February, Qualcomm boosted its income guidance to $3.55 to $3.75. It reaffirmed its revenue guidance.

Read the rest of this post on the original site »

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »