Qualcomm Earnings Outlook, China Issues Hit Stock

By | July 24, 2014

Scalper1 News

Qualcomm (QCOM) stock fell Thursday after the chipmaker issued earnings guidance late Wednesday that fell below expectations and said it is having trouble collecting royalties in China. Qualcomm was down more than 6%, near 76.50, in midday trading in the stock market today. On Tuesday, Qualcomm stock hit 81.87, its highest point since January 2000. Qualcomm late Wednesday said fiscal Q3 revenue rose 9% from the year-earlier quarter to $6.8 Scalper1 News

Scalper1 News