Qualcomm falls after third-quarter revenue forecast comes below estimates

ReutersApr 30, 2025 8:22 PM

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Shares of chipmaker Qualcomm QCOM.O fall 4.81% to $141.32 in after market trading

Co expects Q3 revenue between $9.9 billion and $10.7 billion, the midpoint of which is below analysts' average estimates of $10.35 billion, according to data compiled by LSEG

Sees Q3 adj profit per share to be between $2.60 and $2.80, compared to estimates of $2.67 per share

Co reports Q2 profit of $2.85 per share vs estimates of $2.82

Shares down ~3% YTD

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