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Qualcomm late Wednesday lowered its outlook for its fiscal year, citing in part a decline in its share at a large customer that it didn’t name but is widely believed to be smartphone giant Samsung. The maker of chips and licensor of technology for mobile products posted fiscal Q2 earnings and sales that beat Wall Street views, but its Q3 guidance missed expectations, and the CEO hinted at cost cuts. Qualcomm (QCOM) stock, which has fallen 16% Scalper1 News
Scalper1 News