Wed, Aug 26Bearish1 story
Broadcom Inc.
In short
Broadcom Inc. trades down 1.1% to 352.65 with no company-specific disclosures driving today's movement.
SEC filing
Broadcom slides down 1.1% ahead of upcoming earnings report
Broadcom Inc. (AVGO) is trading down 1.1% at 352.65, extending a recent decline that sees the stock down 2.7% over a week and 7.4% over a month. The move has no company-specific cause in today's disclosures. Broadcom's reported financial trend shows four consecutive quarters of growth, rising from $15.0bn to $22.2bn, while expanded from 38.8% to 48.6%. Diluted over the same four-quarter sequence moved from $1.03 to $1.91. Investors are waiting for the company's upcoming announcement to assess whether operational momentum remains intact. One thing to watch next is Broadcom reports earnings in 7 days after the close. Consensus is $2.83.
By the numbers
AVGO is trading down 1.1% at 352.65, trailing -2.7% over a week and -7.4% over a month. Last reported revenue grew from $15.0bn to $22.2bn as diluted EPS rose from $1.03 to $1.91. Consensus EPS is $2.83.
Why this matters
Sequential expansion in operating margins to 48.6% sets a high fundamental bar as the company approaches its next earnings catalyst.