Shares of Qualcomm Inc (NASDAQ: QCOM) plummeted in early trading on Thursday, after the company reported mixed results for its fiscal second quarter and issued weak guidance.
Analysts sized up the third-quarter results from Qualcomm Inc (NASDAQ: QCOM) and what the fourth-quarter guidance could mean for the company and its share price.
Seagate Technology Holdings PLC (NASDAQ: STX) reported its quarterly revenue at $2.6 billion, down 13% year-on-year, and non-GAAP profits at $1.59 per share, with both metrics below Street expectations. The company’s projection was $1.90 a share.