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via finance.yahoo.comBusiness & Companies

Qualcomm: fiscal Q4 revenue down 8%, handset sales fall 26%

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Qualcomm (QCOM, Financials) reported an 8% decline in fiscal fourth-quarter revenue as weaker smartphone chip sales overshadowed growth in automotive and other semiconductor markets. Warning! GuruFocus has detected 2 Warning Sign with…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishRevenue and profit declined in the core mobile business, partly offset by automotive and IoT.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Revenue fell to $10.32 billion from $11.27 billion a year earlier.
  2. 02Handset sales fell 26% to $5.14 billion.
  3. 03Automotive revenue jumped 89% to $1.99 billion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
QUALCOMM IncorporatedQCOMStock153.06 USD-3.05%today -11.62%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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