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Qualcomm revenue falls as handset slowdown offsets automotive gains

FROM THE WIRE · WSJ.COM

The semiconductor company's fourth-quarter revenue fell 8% to $10.32 billion as a sharp rise in automotive chip sales was offset by declining handset revenue.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishFourth-quarter revenue decline weighs on the stock, though automotive growth partly offsets the handset weakness.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Fourth-quarter revenue fell 8% to $10.32 billion.
  2. 02Automotive chip sales rose sharply.
  3. 03Handset revenue declined.
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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