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's Q3 revenue fell short of expectations, and the company's guidance for future performance is also below estimates. This has led to a decrease in the company's share price.
August 04, 2023 | 1:39 pm
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Qualcomm's lower than expected Q3 revenue and future guidance has led to a decrease in its share price.
Qualcomm's Q3 revenue miss and lower future guidance indicates potential financial instability or slower growth, which is likely to negatively impact investor sentiment and drive the share price down in the short term.
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