Qualcomm shares are trading lower after the company reported a Q3 revenue miss and issued guidance with a midpoint below estimates.
Portfolio Pulse from Benzinga Newsdesk
Qualcomm reported a Q3 revenue miss and issued guidance with a midpoint below estimates, leading to a drop in its share price.
August 04, 2023 | 12:31 pm
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NEGATIVE IMPACT
Qualcomm's shares are trading lower due to a Q3 revenue miss and lower-than-expected guidance.
Qualcomm's Q3 revenue miss and lower-than-expected guidance are negative indicators for the company's financial performance, which has led to a decrease in its share price. This suggests that investors may have lost confidence in the company's ability to meet its financial targets, leading to selling pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100