Qualcomm Inc

QCOM: XNAS (USA)
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Qualcomm Earnings: Cutting Fair Value to $170 From $200 Due to Sharp Handset Weakness

Qualcomm reported fiscal third-quarter revenue of $9.95 billion, down 4% year over year but toward the high end of guidance. Qualcomm expects September-quarter revenue of $10.1 billion, down 10% year over year but in line with FactSet consensus estimates.

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