Why Broadcom Stock Dropped Today
Don't be fooled by guidance -- or by the sell-off. Broadcom stock remains fairly priced.
Overview
Broadcom (NASDAQ: AVGO) stock -- which really needs to get around to updating its ticker symbol one of these days -- tumbled 6.3% through 10:30 a.m. ET Thursday despite beating on earnings last night.
Heading into the company's fiscal Q3 2026 report, analysts forecast Broadcom would earn $3.21 per share (non-GAAP) on $29.2 billion in sales. In fact, Broadcom earned $3.32 per share on $29.6 billion in sales.
Details
It might not have been a blowout, but it certainly was a beat, so why aren't investors more impressed?
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.