Broadcom Beats Earnings Estimates Despite Pre-Market Drop
Broadcom Corporation (AVGO) delivered robust third-quarter results, with revenue rising 86% year-over-year to $29.59 billion and adjusted earnings per share of $3.32, surpassing analyst expectations. However, the stock fell in pre-market trading due to weaker-than-expected guidance for Q4 revenue. The U.S. Department of Justice has expanded its investigation into potential antitrust violations within the meatpacking industry by requesting data from major retailers including Amazon (AMZN) and Walmart (WMT). Ground beef prices remain near record levels, with an average price of $7.12 per pound in July. Chipotle Mexican Grill (CMG) opened its first restaurant in Asia located in Seoul, South Korea. The company plans to open two more locations there by 2026 and one in Singapore by 2027.
Tickers: $AMZN $AVGO $CMG $WMT