April 26, 2007 8:45 AM, EDT

Qualcomm’s Earnings Jump

Wireless-services provider Qualcomm Inc. reported its fiscal second-quarter profit jumped 22% to $726 million or 43 cents a share, from $593 million or 34 cents a year ago.

Revenue rose 21% to $2.22 billion for the quarter ended April 1, Qualcomm said late Wednesday.

The company also boosted its annual earnings forecast, saying it would earn $1.84 to $1.88 a share, excluding some charges, with revenue between $8.4 billion and $8.7 billion.