Qualcomm stock soars after-hours on dismal day

On a day in which the Dow Jones Industrial Average plunged 2.36%, stock of telecom superstar Qualcomm is soaring 7.71% in after-hour trading. (The stock was down 3.72% during the day.) The wireless chip maker reported fourth quarter revenue and earnings that topped analysts' expectations. Sales were $4.87 billion in the period and earnings per share were 89 cents; analysts had expected $4.67 billion and 82 cents, respectively.

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