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0.00739794596807272 0.00247220993147282 0.00478645660384083 0.00497923972113535 -0.00971474043494251 -0.0179526093237389 -0.0233879042606768 -0.0190141903661096
Stock impact report

Broadcom stock gains after 'messy quarter' [MarketWatch]

Broadcom Inc. (AVGO) 
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
Company Research Source: MarketWatch
Broadcom stock gains after 'messy quarter' Shares of Broadcom Inc. AVGO, +3.41% are up 3.1% in Friday morning trading after what Susquehanna analyst Christopher Rolland called a "messy quarter" in which the company beat estimates with its earnings and outlook but announced changes to its reporting. Broadcom will stop providing quarterly forecasts and it will also begin reporting just three segments, with most of its revenue in one. "Ultimately, we view the report as better than feared, but acknowledge reporting changes, lack of accretion and back-end-loaded year raise the risk profile," Rolland wrote. He has a positive rating and $285 target on the shares. Cowen & Co. analyst Matthew Ramsay upped his target to $280 from $255, writing of his optimism around long-term trends and the company's track record of merger integration. "We expect Wireless to continue to experience near-term growth headwinds due to share losses in the 2018 iPhone to Qorvo QRVO, +0.69% although management r Show less Read more
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