Qualcomm Inc. shares decline in the extended session Wednesday after the chip maker's outlook fell short of Wall Street estimates. Read More...
Qualcomm Inc. shares fell in the extended session Wednesday after the chip maker said inventory issues will remain past June because of a downturn in handset demand and the company’s outlook disappointed.
After declining 2.8% to close the regular session $112.83, Qualcomm QCOM shares started sliding after the release of the company’s results at Wednesday’s close, and sank to a deficit of more than 7% after hours by the time the executives’ call with analysts ended.
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