Qualcomm's Near-Term Visibility 'Cloudy' As ASIC Ramp, Apple Roll-Off Weigh on Margins
Shares of QCOM tanked after Q3 results. Revenue beat, but earnings miss. Margin guidance misses expectations. Analysts adjust price targets.
Qualcomm made more money than expected, but it will keep less profit because big customers are changing their orders and one big customer (Apple) is buying less. When a company's profit margins shrink, it's a sign to watch whether they can bounce back or if challenges keep growing.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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