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Qualcomm quarterly profits fall short of target, sees bigger drop in Q3

2020-04-30 08:05:00| Telecompaper Headlines

(Telecompaper) Qualcomm reported net earnings for its fiscal second quarter to March down 25 percent year-on-year to USD 0.41 per share. The company said demand for mobile handsets was 21 percent below its forecast due to the impact of the Covid-19 pandemic. The chipmaker expects an even bigger shortfall of 30 percent in the third quarter to June. 

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