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Broadcom shares fall after guidance disappoints despite earnings beat
CNBC reports the decline followed a revenue forecast for the current quarter that missed expectations.
Broadcom’s stock fell about 5.0% after its results were overshadowed by weaker guidance, according to CNBC Markets.
CNBC Earnings reports the company delivered an earnings beat, but its revenue forecast for the current quarter was disappointing.
The guidance drove the move in shares, despite the underlying earnings performance.
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