Reported about 1 month ago
Broadcom's shares declined in after-hours trading following the release of its fiscal third-quarter earnings report, which, despite exceeding expectations, presented a Q4 revenue guidance of $14 billion that fell short of analyst predictions. Mizuho Americas analyst Jordan Klein criticized the outlook, highlighting that while revenue beat was driven by software, the semiconductor sector remains disappointing. He noted that broader trends in the semiconductor space, particularly in industrials and autos, are weakening, suggesting a challenging climate for chip stocks moving forward.
Source: YAHOO