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via finance.yahoo.comBusiness & Companies

Qualcomm guidance beats estimates but shares fall on smartphone weakness

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Qualcomm (NASDAQ:QCOM) issued stronger-than-expected first-quarter sales guidance Wednesday, but shares still fell more than 6% after hours as weakness in smartphones overshadowed rapid growth in AI data centers, automotive and other…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishGuidance above expectations, but weak smartphones weigh on the stock after hours.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Qualcomm forecasts fiscal first-quarter revenue of $10.4 to $11.2 billion.
  2. 02Its automotive business delivered a record quarter with revenue above $2 billion, up 89%.
  3. 03Shares fell more than 6% after hours.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
QUALCOMM IncorporatedQCOMStock156.63 USD+1.54%today -9.56%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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