Momentum Stocks

Broadcom Fiscal Q2 Non-GAAP EPS Tops Street View; Revenue Misses

Broadcom Fiscal Q2 Non-GAAP EPS Tops Street View; Revenue Misses

Broadcom (AVGO), a technology company, reported fiscal Q2 non-GAAP earnings that topped but revenue that missed Wall Street expectations, and it lowered its revenue outlook for the current fiscal year. Shares fell more than 7% in extended trading on Thursday. Non-GAAP EPS increased to $5.21 for the three months ended May 5, from $4.88 a year earlier. That surpassed the […]