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Qualcomm posts strong earnings, raises quarterly dividend
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#qualcomm #qcom #stocks #earnings Shares of chipmaker Qualcomm are down sharply on the back of a weak third-quarter earnings report. The stock dropped 10 percent after the company missed quarterly expectations on revenue and delivered a weak forecast for the upcoming quarter. It’s all about slumping demand for its chips that power smartphones. Handset chip sales dropped 25 percent from a year ago. The smartphone industry has been in a slump amid lower demand for new products and Qualcomm’s disap
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