Broadcom Stock Is Moving Lower After Hours: What's Going On?
Portfolio Pulse from Adam Eckert
Broadcom Inc (NASDAQ: AVGO) reported Q2 revenue of $8.73 billion, up 8% YoY, beating analyst estimates of $8.71 billion. Adjusted earnings were $10.32 per share, also surpassing estimates of $10.08 per share. The company repurchased 5.6 million shares and declared a quarterly dividend of $4.60 per share. Despite the positive results, Broadcom's stock fell 3.03% in after-hours trading.
June 01, 2023 | 8:26 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Broadcom's Q2 results beat estimates with revenue of $8.73 billion and adjusted EPS of $10.32. However, the stock fell 3.03% in after-hours trading.
Broadcom reported better-than-expected Q2 results, with both revenue and adjusted EPS beating estimates. Despite the positive results, the stock fell 3.03% in after-hours trading, indicating that investors may have had higher expectations or are reacting to other factors not mentioned in the article. The short-term impact on the stock price is negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100