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-0.00510439451183128 0.0022535958109631 0.0227348047988335 0.0819765360906742 0.109128388678995 0.149333863591171 0.182276131769073 0.205607476635514
Stock impact report

Qualcomm quarterly forecast underwhelms, but CEO says worst of memory crunch over [Yahoo! Finance]

QUALCOMM Incorporated (QCOM) 
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
Company Research Source: Yahoo! Finance
Wall Street expectations on Wednesday, as the chipmaker braces for a hit to demand stemming from a shortage of memory chips used ?in consumer electronics. Shares of the company fell around 4% in extended trading. But in an interview with Reuters, Qualcomm CEO Cristiano ?Amon said the company was confident that the smartphone market will start to rebound after its fiscal third quarter. "We can now call the bottom," Amon said, adding that the ?company's licensing business, which beat Wall Street estimates, gives it insights into smartphone makers' plans for later in the year. The company expects revenue of between $9.2 billion and $10 billion, a range entirely below estimates of $10.27 billion, according to data compiled by LSEG. Qualcomm is one of the largest smartphone semiconductor firms in the world, counting major players such as Apple and Samsung as customers, as well as major Chinese phone brands. But this year, the company has faced extreme uncertainty ?from smartpho Show less Read more
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