Qualcomm shares fall on fourth quarter earnings

AI chipmaker Qualcomm (QCOM) reported fiscal first quarter adjusted earnings of $3.50 per share compared to an estimate of $3.41. Adjusted revenue was $12.25 billion versus an expectation of $12.2 billion. For the second quarter, the company forecasts revenue of $10.2 billion to $11.0 billion. Wall Street had been expecting $11.18 billion. Yahoo Finance breaks down the report. For more of the latest news on tech earnings, please visit: https://finance.yahoo.com/ #youtube #Qualcomm #AI #investing #stocks About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance

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