BUZZ - Qualcomm smartphone chip sales fall short of expectations, shares decline

November 4 - ** Qualcomm QCOM.O shares fell 6.6% in after-hours trading to $161.8

** Qualcomm's mobile business division revenue for the fourth quarter (link) dropped 26% to $5.14 billion, dragging chip business revenue down 8% to $9.02 billion

** Analysts surveyed by Visible Alpha had previously expected mobile business revenue to be $5.25 billion

** According to data compiled by London Stock Exchange Group (LSEG), adjusted sales for the fourth quarter fell 7% to $10.44 billion, beating the forecast of $10.11 billion

** First-quarter revenue is expected to be between $10.4 billion and $11.2 billion, with the midpoint above the analysts’ average forecast of $10.48 billion

** As of the close of the last trading day, the stock had risen 1.25% year to date

(For the convenience of non-native English speakers, Reuters provides automated translations of its reports into several other languages. Automated translations may contain errors or may not include needed context, so Reuters does not guarantee the accuracy of automated translation texts and provides them solely for readers’ convenience. Reuters accepts no liability for any harm or loss arising from the use of the automated translation function.)