Qualcomm shares plunge on declining handset revenue and weak earnings guidance
QCOM Qualcomm Inc
$165.41 +5.52%
View chart & analysis → - 1Qualcomm revenue of $10.4 billion recorded a 7% year-over-year decrease.
- 2Qualcomm's earnings per share of $2.17 is the result for the fourth fiscal quarter.
- 3Qualcomm shares fell nearly 14% at one point on Thursday before narrowing to a loss of less than 10% by the close.
So what's the key point?
Qualcomm revenue of $10.4 billion recorded a 7% decrease compared to the previous year.
Source The Motley Fool +1 · View original ↗
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