These Analysts Lower Their Forecasts On Qualcomm After Q1 Earnings

Qualcomm Inc (NASDAQ:QCOM) reported upbeat first-quarter financial results and issued second-quarter guidance below estimates on Wednesday.Qualcomm reported record quarterly revenue with first-quarter total revenue of $12.25 billion, up 5% year-over-year. The revenue beat a Street consensus estimate of $12.18 billion according to data from Benzinga Pro. The company reported adjusted earnings per share of $3.50, which beat a Street consensus estimate of $3.40.Qualcomm's guidance is for second-quarter revenue ...