QUALCOMM Incorporated (NASDAQ:QCOM) reported increased profit for the third quarter as revenue rose.

Nine stocks dropped to 52-week lows: While trading on above-average volume, Groupon (NASDAQ:GRPN) slid today, hitting and then dropping past its previous 52-week low of $7.17 to $7.02.

These are the four most popular stocks that rose to 52-week highs: The share price of US Bancorp (NYSE:USB) climbed today, reaching and then surpassing its previous 52-week high of $33.26.

Qualcomm Inc.'s (QCOM) fiscal third-quarter profit rose 17% as the chip maker continued to see strong demand for its smartphone technology.

American Express reported a better-than-expected second-quarter profit on higher spending that was complimented by an increase in loan provisions and fewer write-offs.

American Express reported late Wednesday second-quarter profit of $1.3 billion, or $1.15 a share, compared with a profit of $1.3 billion, or $1.10 a share, in the same 2011 period.

EBay Inc. on Wednesday cited a strong performance by its marketplaces business as a key reason why it reported a fiscal second-quarter profit of $692 million, or 53 cents a share, on $3.4 billion in revenue.

Second-quarter profit at BlackRock Inc. (BLK), the world's largest money manager, slid 11% on declining investment advisory revenue and investment losses, and its chief executive said changes are being made to compete with lower-cost investments from competitors and to address the underperformance

Weaker revenue did not stop International Business Machines (NYSE:IBM) from reaping higher profit in the most recent quarter.

Qualcomm Inc. issued a forecast for the September quarter that came in below analysts' projections on Wednesday afternoon, along with its results for the June period.