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Qualcomm stock slides as outlook falls short of Wall Street expectations

Earnings Results Last Updated: May 3, 2023 at 4:19 p.m. ET First Published: May 3, 2023 at 4:15 p.m. ET Chip maker forecasts third-quarter earnings between $1.70 to $1.90 when Street forecast $2.17 on average Qualcomm reported fiscal second-quarter earnings Wednesday. AFP/Getty Images Qualcomm Inc. shares declined in the extended session Wednesday after the chip
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qualcomm-stock-slides-as-outlook-falls-short-of-wall-street-expectations

Earnings Results

Chip maker forecasts third-quarter earnings between $1.70 to $1.90 when Street forecast $2.17 on average

Qualcomm reported fiscal second-quarter earnings Wednesday.

AFP/Getty Images

Qualcomm Inc. shares declined in the extended session Wednesday after the chip maker’s outlook fell short of Wall Street estimates.

Qualcomm QCOM shares fell 3% after hours, following a regular-session decline of 2.8% to close at $112.83.

Qualcomm forecast adjusted earnings of $1.70 to $1.90 a share on revenue of $8.1 billion to $8.9 billion…

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