U.S. stock futures were mixed this morning, with the Dow futures falling around 0.2% on Thursday.

Shares of Qualcomm Inc (NASDAQ:QCOM) fell sharply in pre-market trading after the company reported first-quarter financial results and issued second-quarter guidance below estimates.

Qualcomm reported record quarterly revenue with first-quarter total revenue of $12.25 billion, up 5% year-over-year. The revenue beat a Street consensus estimate of $12.18 billion according to data from Benzinga Pro. The company reported adjusted earnings per share of $3.50, which beat a Street consensus estimate of $3.40.

Qualcomm’s guidance is for second-quarter revenue in a range of $10.20 billion to $11.0 billion, versus a Street consensus estimate of $11.11 billion according to data from Benzinga Pro. The company’s guidance is for second-quarter adjusted earnings per share of $2.45 to $2.65, versus a Street consensus estimate of $2.88.

Qualcomm shares dipped 11.3% to $132.00 in pre-market trading.

Here are some other stocks moving lower in pre-market trading.

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