ChipsCNBC Techabout 2 hours ago
Qualcomm Stock Slides 9% After Weak Guidance
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Qualcomm stock slid 9% on Thursday after the chipmaker issued weak first-quarter guidance. Although Q4 earnings slightly beat estimates, the company projected adjusted earnings between $2.15 and $2.35 per share, below analyst estimates of $2.27 per share. CEO Cristiano Amon attributes the drop to supply issues. Q1 revenue expected between $10.4 billion and $11.2 billion.
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