Qualcomm beats revenue expectations despite Apple lawsuits

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Qualcomm has beat analysts’ revenue and earnings estimates in its fourth fiscal quarter despite a year-long legal battle with Apple. Qualcomm booked $5.96 billion in sales, or 92 cents per share, versus expectations of $5.8 billion and 81 cents per-share as the overall economics of the chip business continue to improve. The numbers were good enough to bump shares of the stock up 54 cents (or 1 percent) in after-hours trading, to $54.00. Qualcomm’s ongoing legal battle with Apple was not enough to completely overtake strength elsewhere in its business…

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