Qualcomm (NSDQ: QCOM) reported revenue of $2.61 billion, a 17 percent increase from $2.22 billion in the year-ago quarter. Net income was up a modest 6 percent, to $766 million ($.47 per share) from $726 million ($.43 per share) a year ago. For the coming quarter, the company expects revenue of $2.5-$2.7 billion, an increase of 8-16 percent from $2.33 billion. Analysts had been looking for revenue of $2.50 billion. And the company is raising prior guidance for the full year, to revenue of $10-$10.4 billion, up from prior estimates of $9.6-$10 billion. The stock is up about half a percent after hours, following the straightforward beat-and-raise.

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