Qualcomm Shares Slide More Than 7% After Hours on Smartphone Weakness
Qualcomm fell short of Wall Street estimates for fourth-quarter smartphone chip sales as demand weakened and Apple-related revenue declined. Shares fell more than 6% in extended trading, while a better-than-expected data-center revenue forecast failed to...
Qualcomm on Wednesday fell short of Wall Street estimates for fourth-quarter smartphone chip sales on sluggish demand and declining Apple-related revenue, sending its shares down more than 6% in extended trading.A better-than-expected revenue forecast for its nascent data-centre segment failed to e…