Qualcomm shares are trading lower on continued weakness after the company last week reported a Q3 revenue miss and issued guidance with a midpoint below consensus estimates.
Portfolio Pulse from Benzinga Newsdesk
Qualcomm's shares are trading lower due to continued weakness after the company reported a Q3 revenue miss and issued guidance with a midpoint below consensus estimates last week.
August 07, 2023 | 5:48 pm
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NEGATIVE IMPACT
Qualcomm's stock is trading lower following 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 is likely causing the stock to trade lower.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100