Qualcomm posts record 2Q rev but earnings view disappoints
However, the San Diego chipmaker also projected weaker-than-anticipated fiscal third-quarter per-share earnings, causing shares to drop 6.9 percent to $61.45 in after-hours trading.
The forecast raised worries that Qualcomm's expenses are increasing at a time the average selling price of devices is falling. Qualcomm generates a significant amount of its earnings from royalties for its 3G code division multiple access technology, and the price of devices impacts … Read more