Qualcomm’s latest quarter is strong, but its outlook spooks investors

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The San Diego Union-Tribune

Qualcomm sidestepped the worst of global economic headwinds during its fiscal third quarter, posting better-than-expected financial results thanks to continued diversification of its mobile technologies beyond smartphones. But San Diego’s largest publicly traded company doesn’t expect to be able to dodge global economic woes forever. With inflation and lingering pandemic measures weighing on consumers, Qualcomm on Wednesday forecast upcoming fourth quarter financial results that were below Wall Street analysts’ expectations. Investors were watching Qualcomm results closely for signs of a recov…

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