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JUN 12, 2013 - Yahoo! News

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Spreadtrum raises second-quarter revenue estimates; shares rise

(Reuters) - Spreadtrum Communications Inc, a cellphone chip designer, raised its revenue estimates for the current quarter due to higher demand from low-cost smartphone makers, sending its shares up 23 percent in extended trading. The China-based company now expects revenue of between $270 million and $278 million for the quarter ending June 30, up from the $220 million to $228 million it forecast earlier. Analysts on average were expecting revenue of $224.1 million, according to Thomson Reuters I/B/E/S. ...

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