(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.
The shares fell 4.2% in extended trading on Wednesday, having closed up 1.6% on the day in regular hours. Qualcomm stock is up 14.5% this year.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
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