Qualcomm tops estimates for earnings and revenue on strong smartphone demand

Qualcomm reported better-than-expected fiscal first-quarter results on Wednesday and issued strong guidance for the current period.Here's how the chipmaker did versus LSEG consensus estimates for the quarter ending Dec. 29:Earnings per share: $3.41, adjusted, vs.$ 2.96 estimatedRevenue: $11.67 billion vs.$ 10.93 billion estimatedRevenue in the quarter rose 18% from $9.92 billion a year ago. Shares rose over 1% in extended trading. For the March quarter, Qualcomm said it expects revenue of between$ 10.2 bill ...