Qualcomm headquarters in Sorrento Valley. Courtesy of the company San Diego wireless pioneer Qualcomm forecast first-quarter sales and profits above Wall Street targets on Wednesday as a smartphone sales slump finally starts to ease and a renewed contract with Apple helps boost its outlook. The company forecast current-quarter revenue of $9.1 billion to $9.9 billion, with a midpoint above analysts’ expectations of $9.2 billion according to LSEG data. Qualcomm predicted current-quarter adjusted profits of $2.25 to $2.45 per share, beating expectations of $2.23 according to LSEG. Qualcomm shares rose 3.8% after the results were released. For the just-ended fiscal fourth quarter, Q
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