Broadcom Stock Slips 4% as Earnings Only Slightly Beat Wall Street's Estimate Despite Strong AI Chip Sales
Shares of Broadcom (NASDAQ: AVGO) declined 4% in Thursday's after-hours trading, following the semiconductor and infrastructure software maker's release of its report for the second quarter of fiscal year 2025 (ended May 4). Broadcom's second-quarter earnings edged by Wall Street's expectation and revenue was in line with the consensus estimate. Third-quarter revenue guidance essentially met the Street's expectation.So why did Broadcom stock modestly decline following the release? It comes down to failing to meet investors' high expectations.Continue reading
Shares of Broadcom (NASDAQ: AVGO) declined 4% in Thursday's after-hours trading, following the semiconductor and infrastructure software maker's release of its report for the second quarter of fiscal year 2025 (ended May 4).
Broadcom's second-quarter earnings edged by Wall Street's expectation and revenue was in line with the consensus estimate. Third-quarter revenue guidance essentially met the Street's expectation.
So why did Broadcom stock modestly decline following the release? It comes down to failing to meet investors' high expectations.
