Broadcom Slips, Lululemon Falls, American Eagle Soars
On this edition of Stock Movers:- Broadcom (AVGO) shares slipped after the chip supplier delivered a revenue forecast for the current period that failed to impress some investors, a sign they were anticipating a bigger payoff from the AI boom. Sales will be about $17.4 billion in the fiscal fourth quarter, which runs through October, the company said in a statement Thursday. Analysts had projected $17.05 billion on average, though some estimates topped $18 billion, according to data compiled by Bloomberg. Expectations were high heading into the earnings report. Broadcom shares more than…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.