Qualcomm Falls on Earnings; Peloton Slashes Outlook; Estée Lauder Disappoints
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Qualcomm (QCOM) shares are down after the chipmaker’s revenue forecast was weaker than expected. The company said its “near-term handsets outlook is impacted by industry-wide memory supply constraints.” Bank of America and Susquehanna downgraded the stock.- Shares of Peloton Interactive (PTON) fell after the company provided a weaker-than-expected revenue forecast for the fiscal third quarter, disappointing investors who hoped a recent hardware revamp would spur a long-promised…
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