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Qualcomm stock is down 4.29% in after-hours trading after the company told Bloomberg News that there is a shift in orders: customers are ordering more parts for cheaper handsets.

The company reported sharply improved earnings today (Nov. 6) but it said sales in fiscal 2014 will be $26 billion to $27.5 billion and analysts had expected $27.5 billion. Fourth-quarter net earnings rose 18% to 86 cents a share, but analysts had expected 94 cents, according to Bloomberg. Revenue topped analysts' expectations.

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Don Bauder Nov. 7, 2013 @ 1:13 p.m.

QUALCOMM DROPPED AGAIN TODAY: Qualcomm stock continued dropping today after announcing strong earnings but a weaker-than-expected outlook. It dropped 3.71% to $67.15 on a day in which the Dow Jones Industrial Average was down almost 1% and the Nasdaq was down 1.9%. Best, Don Bauder


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