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Broadcom Shares Drop 5% on Weak Guidance Despite Earnings Beat

Broadcom stock fell 5% after the chipmaker issued disappointing revenue guidance for the upcoming quarter.

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As of 2026-09-03 11:28 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
Broadcom shares dropped 5% in extended trading on Wednesday after the chipmaker issued disappointing guidance for the current quarter. [1] Jim Cramer, host of CNBC, stated that Snowflake stock is primed for a huge move following a blowout quarter. [2] Broadcom reported adjusted earnings per share of $3.32 compared to the expected $3.24, and revenue of $29.59 billion compared to the expected $29.36 billion. [3] Broadcom's revenue increased 86% during the quarter from $15.95 billion a year ago, and net income more than tripled to $13.09 billion. [4] For the fiscal fourth quarter, Broadcom expects revenue of $34.8 billion, while analysts were expecting $35.03 billion according to LSEG. [5] Snowflake reported product revenue of $1.49 billion for its fiscal second quarter, representing a 37% increase from the year earlier. [6] Snowflake shares jumped 23.27% to $377.00 in pre-market trading from Wednesday's $305.84 close. [7] Snowflake's adjusted earnings hit $0.62 per share, and management lifted full-year product revenue guidance to $6.07 billion. [8]
What this stands on
  1. Broadcom shares dropped 5% in extended trading on Wednesday after the chipmaker issued disappointing guidance for the current quarter. · CNBCUnited States
  2. Jim Cramer, host of CNBC, stated that Snowflake stock is primed for a huge move following a blowout quarter. · beincrypto.com
  3. Broadcom reported adjusted earnings per share of $3.32 compared to the expected $3.24, and revenue of $29.59 billion compared to the expected $29.36 billion. · CNBCUnited States
  4. Broadcom's revenue increased 86% during the quarter from $15.95 billion a year ago, and net income more than tripled to $13.09 billion. · CNBCUnited States
  5. For the fiscal fourth quarter, Broadcom expects revenue of $34.8 billion, while analysts were expecting $35.03 billion according to LSEG. · CNBCUnited States
  6. Snowflake reported product revenue of $1.49 billion for its fiscal second quarter, representing a 37% increase from the year earlier. · beincrypto.com
  7. Snowflake shares jumped 23.27% to $377.00 in pre-market trading from Wednesday's $305.84 close. · beincrypto.com
  8. Snowflake's adjusted earnings hit $0.62 per share, and management lifted full-year product revenue guidance to $6.07 billion. · beincrypto.com
The one we could place publishes from United States. 1 could not be placed by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.
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