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via cnbc.comBusiness & Companies

Qualcomm issues disappointing earnings forecast as memory shortage hits phone sales

FROM THE WIRE · CNBC.COM

Qualcomm delivered better-than-expected results but issued a weak earnings forecast. Chip sales fell in the quarter even after the company raised prices.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA weak Qualcomm outlook weighs on expectations for the smartphone chip segment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Qualcomm delivered better-than-expected results but issued a weak earnings forecast.
  2. 02Chip sales fell in the quarter even after the company raised prices.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
QUALCOMM IncorporatedQCOMStock173.19 USDMarket closedtoday +5.33%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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