Qualcomm shares fall as licensing business forecasts disappoints

Reuters
06 Feb
Qualcomm shares fall as licensing business forecasts disappoints

Feb 6 (Reuters) - Shares in Qualcomm QCOM.O fell more than 3% in Frankfurt on Thursday as a disappointing forecast for no growth in its patent licensing business overshadowed a higher-than-expected outlook for sales and profits.

By 0710 GMT, the stock was down 3.4% in Frankfurt.

The shares fell 4.2% in extended trading on Wednesday, having closed up 1.6% on the day in regular hours. Qualcomm stock is up 14.5% this year.

(Reporting by Danilo Masoni; Editing by Amanda Cooper)

((Danilo.Masoni@TR.com; Reuters Messaging: danilo.masoni.thomsonreuters.com@reuters.net))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10