Qualcomm is trading 9.78% down at ARS 23,530.00 after fiscal fourth-quarter handset revenue fell short of analyst expectations.
- Handset revenue fell 26% to $5.14 billion.
- Its next-quarter earnings forecast came in below consensus. Reuters reported shares fell about 9% in premarket trading after the handset-sales miss raised concerns about weakness in Qualcomm’s core business.
- Semiconductor-sector weakness may also have added pressure. The quote is listed as live trading; no volume information was provided.