FILE PHOTO: Qualcomm logo is during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay/File Photo
(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.
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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