FILE PHOTO: People visit a Qualcomm booth at the Mobile World Congress (MWC) in Shanghai, China February 23, 2021. REUTERS/Aly Song
(Reuters) -Qualcomm Inc on Wednesday forecast current-quarter sales and adjusted profits above Wall Street estimates, with executives saying they see supply constraints easing as smartphone buyers upgrade to 5G and former Huawei Technologies Co Ltd customers migrate to Qualcomm-chip phones.
Qualcomm shares rose 5.4% to $144 in extended trading.
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