Shares of QUALCOMM Incorporated (NASDAQ:QCOM – Get Free Report) gapped down prior to trading on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $175.

(Reuters) - Shares in Qualcomm fell more than 3% in Frankfurt on Thursday as a disappointing forecast for no growth in its patent licensing business overshadowed a higher-than-expected outlook for sales and profits. By 0710 GMT, the stock was down 3.4% in Frankfurt.

Qualcomm on Wednesday forecast sales and profits above analyst expectations as artificial intelligence features helped fuel demand for smartphones, but its share price fell after the bell on expectations of flat revenue from its patent licensing business.

Shares of Qualcomm (QCOM) fell in after-hours trading after the semiconductor and equipment giant announced its first-quarter earnings, which

Despite all these outsized beats, Qualcomm stock took a nosedive about 20 minutes after the earnings release, before the earnings call began. Intellectual property licensing reven