Qualcomm Stock Jumps 9.29% After Hours

Stock of telecom superstar Qualcomm leapt 9.29% to $57.03 in after hours trading today (Nov. 2). The company reported a 22% increase in earnings for its fiscal fourth quarter, topping analysts' estimates. The company reported strong sales of mobile phones and other wireless products. Qualcomm makes chipsets and other technology for wireless devices, including Apple's hot new iPhone4S. Qualcomm's future estimates also beat analysts' forecasts.

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