Qualcomm Inc.'s fiscal fourth-quarter profit dropped 8.5% as charges, lower revenue and drooping margins weighed on results. Shares rose 0.4% to $41.78 in after-hours trading, even as the cellphone-chip maker provided a downbeat forecast for the current quarter. In recent weeks, chip makers reporting earnings have generally topped Wall Street
Sorry. To access this content you need a research level subscription,
or you can use pay-per-view to access this article. To subscribe, click
HERE.
This content is delayed by at least 1 hour from original time of publishing