ChipsSiliconANGLEabout 2 hours ago
Qualcomm Stock Falls on Revenue Miss
6 min read
Qualcomm Inc. stock dropped more than 6% after-hours following fourth-quarter earnings that beat expectations at $2.17 per share but missed revenue targets of $10.48 billion. CEO Cristiano Amon cited supply issues, noting smartphone chip sales fell 26% to $5.14 billion while automotive sales rose 89% to $1.99 billion.
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