Qualcomm Earnings Could Disappoint. Smartphone Demand Could Be Why.

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Qualcomm, the maker of mobile processors and 5G wireless chipsets, may report muted earnings results after Thursday’s market close.

Wall Street’s consensus estimate calls for Qualcomm (ticker: QCOM ) to report $9.6 billion in revenue for the quarter ended Dec. 31, with adjusted earnings per share of $2.36. Meanwhile, analysts are expecting EPS of $2.29 and revenue of $9.56 billion for the current quarter.

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