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

Thursday 30 April 2020 | 08:05 CET | News
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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Categories: Mobile & Wireless
Companies: Qualcomm
Countries: World
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