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via finance.yahoo.comMarkets

Qualcomm stock tumbles about 7% on softer-than-expected December-quarter outlook

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Qualcomm (NASDAQ:QCOM) shares tumbled about 7% early Thursday as investors reacted to a softer-than-expected December-quarter outlook, overshadowing the chipmaker's better-than-expected fiscal fourth-quarter results. The company posted…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe weak guidance weighs on Qualcomm shares, with the smartphone business under pressure.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Qualcomm posted non-GAAP earnings of $2.17 per share, versus estimates of $2.16.
  2. 02Revenue came in between $10.32 billion and $10.44 billion.
  3. 03Handset chip revenue fell 26% year over year to $5.14 billion.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
QUALCOMM IncorporatedQCOMStock173.19 USDMarket closedtoday +5.33%Negative Apple Inc.AAPLStock349.51 USDMarket closedtoday +5.31%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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