Qualcomm Stock Seen Falling 16% as Profits Plunge

Qualcomm Inc.'s stock has fallen by nearly 9% thus far in 2018 but worse, shares remain over 15% off their January highs. Options traders are betting shares of Qualcomm will fall by about 16% by the middle of October as the odds increase that the company is unable to close its deal for NXP Semiconductors N.V. while the business outlook for the company appears bleak.  The company is expected to report results today after the close of trading. July 25 is also the date investors will learn the fate of Qualcomm's proposed $44 billion acquisition of NXP. Analysts are looking for Qualcomm's earnings to drop by nearly 15%, while revenue is expected to decline by over 2%.