Broadcom's Baffling Beat: What a Strong Q3 Says About Wall Street and the Industry Broadcom's quarterly earnings report for the period ending August 2nd was a resounding success, with adjusted earnings per share coming in at $3.
32 on sales of $29. 59 billion – exceeding analyst expectations by a wide margin. Yet despite this impressive performance, Broadcom's stock price took a hit.
The disconnect between Wall Street and Broadcom's results is puzzling.