Broadcom on Thursday evening reported another strong quarter and better-than-expected guidance for the current quarter. Nonetheless, the Club stock gave up its initial pop and traded sharply lower as the Q & A session of the post-earnings conference call kicked off. Investors were apparently not satisfied with CEO Hock Tan's answer to an important question. Revenue in the fiscal 2025 fourth quarter, which ended Nov. 2, increased 28% year over year to $18.02 billion, ahead of the $17.49 billion consensus forecast, according to the consensus of analyst estimates compiled by LSEG. Adjusted earnings per share increased 37% to $1.95, also outpacing expectations of $1.86, LSEG data showed. Adjusted EBITDA , or earnings before interest, taxes, depreciation, and amortization, grew 34% to $12.22 bi
Broadcom stock reverses lower on a misinterpretation of what the CEO said on the earnings call
CNBC2 hrs ago
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