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Benzinga
Benzinga
Business
Anusuya Lahiri

Qualcomm's China Exposure A Key Risk Despite Xiaomi Partnership: Analyst

Qualcomm,Company,Office,In,Silicon,Valley.,Qualcomm,Incorporated,Is,An

Qualcomm (NASDAQ:QCOM) posted a solid fiscal third-quarter performance on Wednesday, boosted by continued growth in its automotive and IoT businesses.

However, a cautious fourth-quarter outlook and lingering concerns over handset market volatility tempered investor enthusiasm, sending shares down more than 7% in Thursday trading.

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