Broadcom Stock Falters After Company Reports Loss, Disappointing Revenue Outlook
Broadcom(AVGO) Investopedia·2024-09-06 06:00
Key TakeawaysBroadcom posted a loss in its fiscal third quarter, primarily due to acquisition-related amortization costs.The company is continuing to integrate the software firm VMWare, which it acquired in November.The company's fiscal fourth-quarter guidance came up just short of analysts' expectations. Broadcom (AVGO) shares fell after the closing bell Thursday, sliding following quarterly results that swung to a loss due to increased merger-related expenses. The semiconductor manufacturing company poste ...