Qualcomm profit beats estimates but weak China mobile sales weigh on outlook

Qualcomm profit beats estimates but weak China mobile sales weigh on outlook

6 years ago
Anonymous $v9r5mEH86V

https://www.reuters.com/article/us-qualcomm-results/qualcomm-profit-beats-estimates-but-weak-china-mobile-sales-weigh-on-outlook-idUSKBN1FK33V

Chipmaker Qualcomm Inc's profit and revenue beat expectations as demand surged for its chips used in smartphones and cars, but an earnings forecast for the current quarter fell below analysts' estimates due to tepid mobile sales in China.