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Actionable news in QCOM: QUALCOMM Incorporated,

Qualcomm (QCOM) Stock Falls in After-Hours Trading on Earnings Miss

NEW YORK (TheStreet) -- Shares of Qualcomm (QCOM - Get Report) were falling 2.9% to $58.50 after-hours Wednesday after the chipmaker missed analysts' estimates for earnings in the fourth quarter of fiscal 2015.

Qualcomm reported earnings of 67 cents a share for the fiscal fourth quarter, below analysts' estimates of 86 cents a share for the quarter. Revenue fell 18% year over year to $5.5 billion for the quarter, above analysts' estimates of $5.21 billion.

"Our fiscal fourth quarter revenues and EPS were at the high end of our expectations, with stronger-than-expected MSM chipset shipments offsetting slower than expected progress concluding new license agreements in China," CEO Steve Mollenkopf said in a statement. "We executed a major increase in our capital return program in fiscal 2015, returning a record $14 billion of capital to stockholders."

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