Broadcom's Stock Drops 5% as Weak Guidance Overshadows Earnings Beat Broadcom's shares fell by 5% in extended trading last week after the company issued guidance for the current quarter that fell short of analysts' expectations.
On the surface, Broadcom's numbers look impressive: earnings per share beat estimates by $0. 08 and revenue came in slightly ahead of projections.
However, the company's forecast for the upcoming quarter, which predicted revenue would dip to $34. 8 billion from a previously expected $35. 03 billion, sent investors into a tizzy.