Qualcomm Reports Higher Earnings
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Qualcomm posted a profit of $767 million, or 46 cents a share, for the period that ended Dec. 30, compared with $648 million, or 38 cents a share, in the year-ago quarter.
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Stocks rose on Thursday, with technology shares gaining after reassuring results from Oracle Corp  and a higher earnings outlook from Qualcomm Inc .
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Qualcomm Inc.  shares  jumped more than 4 percent on Tuesday after China said it may  grant a license for a next-generation cellphone network that  would boost royalties to the wireless technology and chip  supplier.
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Sprint Nextel Corp  on Wednesday posted a higher fourth-quarter profit as revenue rose despite weak customer growth.
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General Electric is posting quarterly earnings in line with Wall Street expectations. The diversified manufacturer and financial services company says revenue rose 15 percent on higher
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Texas Instruments Inc. , the largest maker of chips for cellular phones, on Monday said quarterly profit rose about 26 percent on demand from handset makers even as it struggles with a nagging inventory problem.
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SAN FRANCISCOâAnalog chip maker National Semiconductor Corp. yesterday posted a higher quarterly profit, with sales in line with its reduced forecast on lower-than-expected demand for flat-panel displays and from Chinese wireless handset makers.
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AT&T Inc  on Thursday posted a higher quarterly profit after better-than-expected wireless growth, sending its shares up almost 3 percent in pre-market trading.
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Wireless chip developer Qualcomm Inc.   on Wednesday reported a 15 percent rise in  third-quarter net profit, but shares fell more than 7 percent  after it forecast fourth-quarter revenue lower than some  analysts' estimates.
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Oracle Corp.  on Thursday  posted a higher quarterly profit, helped by  stronger-than-expected new software license revenue.
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Nextel Communications Inc., the sixth largest US mobile company, on Friday said its third-quarter profit rose amid strong customer growth and it raised its earnings forecast for the full year.
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Verizon Communications , the  nation's biggest telephone company, on Tuesday reported  better-than-expected quarterly operating earnings on strong  growth in its wireless business.
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Nevada utility holding company Sierra  Pacific Resources Corp.  on Friday reported higher  quarterly earnings, helped by continued growth in its customer  base.
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tocks ended higher yesterday after Ford Motor raised its earnings forecasts but gains on the Nasdaq were checked after the wireless technology provider Qualcomm said an accounting review might reduce pretax income.
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Wireless technology company Qualcomm Inc.  on Wednesday posted quarterly earnings that rose 46 percent on strong sales of cell phones using its chips, but it said current-quarter earnings would fall short of the average Wall Street forecast.
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Qualcomm (QCOM:Nasdaq - news - research) raised its current-quarter earnings estimate but saw its shares tank because of uncertainty about the accounting for its huge royalty franchise.
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Tyco Electronics reported a higher quarterly profit Wednesday, helped by a tax benefit and strong demand from telecommunications customers.