Qualcomm Fiscal Q3 Revenue Falls 4% to $9.95 Billion, Net Income $2 Billion; Shares Down 5% Pre-Market
Qualcomm reported its fiscal third-quarter results, with revenue falling 4% year over year to $9.95 billion and net income declining to $2 billion. The report triggered a sell-off, sending the company's shares down more than 5% in pre-market trading.
Qualcomm's fiscal third-quarter revenue fell 4% year over year to $9.95 billion, and net income dropped to $2 billion. Qualcomm shares declined over 5% in pre-market trading.