Qualcomm’s index declines as demand for smartphones weakens. Stock goes down.
Qualcomm provided a lower-than-expected revenue forecast for the June quarter, citing weak smartphone demand and a challenging macro environment. Its stock goes down in the after-hours trading period. For the March quarter, the semiconductor company reported adjusted earnings per share of $2.15, compared to Wall Street’s estimate of $2.15, according to FactSet. Revenue came in …
Qualcomm’s index declines as demand for smartphones weakens. Stock goes down. Read More »