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Monday, July 15, 2024

Qualcomm stock slides as outlook falls short of Wall Street expectations

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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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