Broadcom's Sales Soar, but Its Forecast Disappoints Wall Street

Broadcom's quarterly revenue hit $29.6 billion, up 86% from a year ago, beating Wall Street's estimates per Reuters. But its forecast for the next quarter — about $34.8 billion — fell short of the $35.03 billion analysts expected, per CNBC. When a stock's price reflects high growth hopes, a weaker forecast can matter more than a strong quarter.