By Stephen Nakrosis

Shares of Qualcomm Inc. are moving higher on the Nasdaq Tuesday following news that a U.S. appeals court tossed out an antitrust ruling against the company.

At 12:30 p.m. EDT, the company's stock had risen 4.23% to trade at $110.85. The stock opened at $106.20 and had traded as low as $104.74 earlier in the session.

The Wall Street Journal said the Ninth Circuit Court of Appeals threw out a trial judge's antitrust judgment against the company. 



  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com