Qualcomm Inc.’s fiscal first-quarter profit rose 36 percent as the chip maker continued to benefit from strong demand for smartphones.
The company also raised its full-year guidance, now seeing per-share earnings of $4.25 to $4.45 on revenue of $23.4 billion to $24.4 billion. Qualcomm in November projected per-share earnings of $4.12 to $4.32 a share on revenue of $23 billion to $24 billion.
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