Semiconductor manufacturer Qualcomm's revenue in the fourth fiscal quarter fell 8% to $10.32 billion, writes the Wall Street Journal. A 26% decline in smartphone chip sales offset the growth in revenue in the automotive segment, which rose by 89%. The company's net profit was $1.25 billion, compared to a loss of $3.12 billion the previous year. Against the background of the publication of the earnings, the Qualcomm share fell by 4.9% in additional trading.

Semiconductor manufacturer Qualcomm's revenue in the fourth fiscal quarter fell 8% to $10.32 billion, writes the Wall Street Journal. A 26% decline in smartphone chip sales offset the growth in revenue in the automotive segment, which rose by 89%. The company's net profit was $1.25 billion, compared to a loss of $3.12 billion the previous year. Against the background of the publication of the earnings, the Qualcomm share fell by 4.9% in additional trading.