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Qualcomm Revenue Rises 24 Percent

Published on April 24, 2013
by Don Clark

Chip maker Qualcomm Inc. continued to benefit from strong demand for mobile devices in its latest quarter, though profit fell 16 percent due to a large one-time gain in the year-earlier period.

The San Diego-based company said revenue jumped 24 percent, and projected a range for revenue growth in the current quarter with a midpoint of nearly 31 percent.

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