Qualcomm's Q3 Revenue Forecast Misses Expectations, Stock Trends Lower.
TL;DR
Qualcomm's revenue forecast for the June quarter is below expectations due to softening demand for smartphones and a challenging macro environment.
- Qualcomm’s Guidance Falls Short as Smartphone Demand Weakens. The Stock Drops. Barron's
- Qualcomm gives light forecast, phone chip sales fall 17% CNBC
- Qualcomm beats on revenue, phone chip sales fall 17% CNBC Television
- Qualcomm Sees No Immediate Smartphone Demand Recovery The Wall Street Journal
- Qualcomm stock trends lower following Q3 revenue forecast miss Yahoo Finance
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