Qualcomm shares are trading lower after the company reported a Q3 revenue miss and issued guidance with a midpoint below consensus 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 consensus estimates. This has led to a decrease in the company's share price.
August 04, 2023 | 2:03 pm
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Qualcomm's lower than expected Q3 revenue and below consensus guidance has negatively impacted its stock price.
Qualcomm's Q3 revenue miss and lower guidance indicates potential financial instability or underperformance, which is a negative signal to investors. This has led to a decrease in demand for the stock, causing the price to drop.
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