Qualcomm raises third-quarter guidance

Qualcomm Inc. raised its sales and earnings guidance for the third fiscal quarter on Thursday morning, but the company maintained a cautious tone on its outlook and noted that some demand for wireless chipsets has shifted into the next period.

Shares of Qualcomm /quotes/comstock/15*!qcom/quotes/nls/qcom (QCOM 45.94, -0.13, -0.28%) fell 1.3% to $45.47 in early trading Thursday.

In a statement, the company said it now expects revenue to come in between $2.67 billion and $2.77 billion for the period ending June 28. Previously, revenue was expected to be in the range of $2.4 billion and $2.6 billion for the period.

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- Posted: 2009-06-11 09:25:34

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