Qualcomm Slips Modestly On FQ3 Profit Beat, Cost Reduction Plan, And Weak Guidance

 Following the bell today, Qualcomm announced its fiscal third quarter financial performance, including revenue of $5.83 billion and adjusted earnings per share (EPS) of $0.99. Using normal accounting methods, the firm earned a slimmer $0.73 per share. The street had expected Qualcomm to earn an adjusted $0.95 per share on revenue of $5.85 billion. Following its mixed earnings report, shares…

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