(Reuters) -Shares of chipmaker Qualcomm fell about 5% in early trading on Thursday as a weak outlook for its patent licensing business outweighed strong expectations for quarterly sales and profit. The company disappointed investors after it said the licensing business,

KEY TAKEAWAYS Qualcomm stock is falling 5% in premarket trading Thursday, a day after the company's lower-than-estimated licensing revenue offset record quarterly sales.The chipmaker reported fiscal 2025 first-quarter revenue and profit above Visible Alpha estimates.

Qualcomm on Wednesday forecast sales and profits above analyst expectations as artificial intelligence features helped drive sales of the smartphones, laptops and other devices powered by its chips. For its current fiscal second quarter,

Qualcomm on Wednesday forecast sales and profits above analyst expectations as artificial intelligence features helped fuel demand for smartphones, and its share price fell after the bell on expectations of flat revenue from its patent licensing business.