Qualcomm Raises Its Outlook For 2013, Beats Estimates With $6.2B In Sales

Shares of mobile chipmaker rose 3% in after-hours trading Wednesday after the company booked $6.2 billion in its third quarter, its twelfth straight quarter of double-digit gains, and raised its outlook for the full year. Qualcomm expects sales of between $5.9 billion and $6.6 billion for fiscal 2013, an increase of between 21% and 35% year-on-year.