US EditionWhy chip maker Qualcomm's stock fell despite a great quarter
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Why chip maker Qualcomm's stock fell despite a great quarter
Qualcomm posted the kind of quarter most companies would be proud of for its fiscal third quarter, which ended June 29. Revenue was up, earnings beat expectations, and growth across its major segments showed that its long-term bets are starting to pay off. But the market wanted more.Shares slipped over 4% in after-hours trading on Wednesday, not because the results were disappointing, but because the outlook didn’t excite.The numbers themselves …
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