Broadcom's current quarter sales guidance falls short of expectations, causing a post-market stock price drop

BlockBeats News, September 3rd, Broadcom reported third-quarter adjusted net income of $29.59 billion, exceeding analysts' expectations of $29.45 billion. The third-quarter Semiconductor Solutions revenue was $20.84 billion, surpassing analysts' expectations of $20.51 billion. The third-quarter AI semiconductor revenue was $16.7 billion, higher than analysts' expectations of $15.93 billion. The third-quarter adjusted earnings per share (EPS) were $3.32, beating analysts' expectations of $3.23. The fourth-quarter revenue is expected to be around $34.8 billion, below analysts' expectations of $35.05 billion.

According to BIT (bit.com) market data, Broadcom (AVGO) stock initially dropped more than 6% after hours, but the decline has narrowed to 1.35%.