Why Broadcom Stock Slumped Today

Investors were unimpressed with the chip giant's latest report.Shares of Broadcom (AVGO -9.70%) were heading lower on Friday after the semiconductor and software giant posted good-but-not-good-enough results in its fiscal third-quarter earnings report and guidance was weaker than expected.As of 3:10 p.m. ET, the stock was down 9.7% on the news. Broadcom can't keep up with expectationsBroadcom's quarterly results were solid, edging past estimates, but the stock has already soared this year on high hopes for ...