Qualcomm revenue falls 12%, guidance implies more pain this quarter
Publishing timestamp: 2023-02-02 17:47:46
Summary
Qualcomm reported lower than expected revenue for the quarter and issued weak guidance for the next quarter. The company's revenue decreased 12% year over year and mobile handset revenue declined 18%. Qualcomm's stock has fallen 28% in the past year. The company announced plans to invest in Renault Group's electric and software company.
Sentiment: NEGATIVE
Tickers: QCOM,
Keywords: technology, breaking news: earnings, business, earnings, qualcomm inc, enterprise, business news, breaking news: technology,
Source: https://www.cnbc.com/2023/02/02/qualcomm-qcom-earnings-q1-2023.html