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Qualcomm Sinks 11% as Soft Profit Guidance and Handset Slump Overshadow Beat; Arm Holdings Drops 7%, Skyworks Slides 2%
Source: 247wallst.com
Corporate EarningsCorporate Guidance & OutlookCompany Fundamentals
Qualcomm beat expectations on both reported lines, but the results did not prevent a steep selloff. Investors focused instead on a soft profit outlook and a shrinking handset business; the article provides no figures for the beat or the selloff.
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