STEADY BUSINESS: Qualcomm’s earnings for its latest quarter were $767 million, up just 4 percent from last year. Revenue slipped 2 percent to $2.71 billion. Shipments of chips for cell phones were up 10 percent from last year.
JUMPY STOCK: Despite being almost flat with last year, the results beat investor expectations. The stock rose more than 5 percent in extended trading, after the results.
SMART CHIPS: The company seems to be latching on to the trend for ever smarter, more capable phones, and benefiting from it.
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