Apple Chip Supplier Qualcomm Trips As Guidance Lags

By | November 4, 2015

Scalper1 News

Qualcomm (QCOM) stock tripped late Wednesday after the Apple (AAPL) chip supplier reported fiscal Q4 sales and earnings that beat Wall Street expectations but gave Q1 guidance that lagged analyst views. In after-hours trading, Qualcomm stock was down more than 5%. Shares fell 1% in Wednesday’s regular session, to 60.26, and are down 19% this year. For its fiscal Q4 ended Sept. 27, Qualcomm reported an 18% dip in sales to $5.5 billion. Earnings per Scalper1 News

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