Stocks making the biggest moves after hours: Chip stocks fall, Fiverr climbs

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Stocks making the biggest moves after hours: Broadcom falls, Fiverr climbs

for the full fiscal year. The San Jose-based company reported earnings of $5.21 per share, excluding certain items, beating the $5.16 per share expected by analysts, according to Refinitiv. However, the reported $5.52 billion in revenue was below Refinitiv's consensus estimate of $5.68 billion.

Broadcom lowered its guidance for full-year revenue from $24.50 billion to $22.50 billion. Analysts expected $24.31 billion, according to Refinitiv. The company cited a U.S. ban on working with Chinese device giant Huawei in lowering its revenue outlook. Other chip stocks followed Broadcom into the red after hours. Broadcom CEO Hock Tan said on a call with analysts that uncertainty in the industry extended beyond Huawei.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China chip industry insiders voice caution on catch-up effortsSince the U.S. government put Huawei Technologies Co Ltd on a trade blacklist, e... In 2 years chip are to become more than obsolete. Purified water droplets are nextfrontier beprepared evolve
Source: Reuters - 🏆 2. / 97 Read more »

Stocks making the biggest moves midday: Red Robin, Callaway Golf, RH & moreThese are the stocks posting the largest moves midday.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves premarket: CrowdStrike, Lululemon, RH, Alibaba & moreThese are the stocks posting the largest moves before the bell.
Source: CNBC - 🏆 12. / 72 Read more »