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Qualcomm shares fall as earnings, sales disappoint

Third-quarter earnings and revenue for Qualcomm fell shy of analyst expectations. The company reported earnings of $1.26 a share on revenue of $6.69 billion.

Analysts expected Qualcomm to post earnings per share of $1.31 on revenue of $7.02 billion.

Shares fell more than 5 percent in after-hours trading. Click here to see what Qualcomm shares are doing now.

The tech company agreed to buy British chipmaker CSR for $2.5 billion in October. The purchase will strengthen Qualcomm's tech presence in the United Kingdom.

By early 2015, Qualcomm expects its wireless charging stations for phones to be sold in retail outlets. The company has built a portfolio of patents for wireless charging technology to profit from licensing the tech.

Qualcomm signage and a shadow of CEO Steve Mollenkopf
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Qualcomm signage and a shadow of CEO Steve Mollenkopf

—CNBC's Hailey Lee contributed to this report.