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    "headline": "Broadcom Shares Drop 5% on Weak Guidance Despite Earnings Beat",
    "dek": "Broadcom stock fell 5% after the chipmaker issued disappointing revenue guidance for the upcoming quarter.",
    "prose": "Broadcom shares dropped 5% in extended trading on Wednesday after the chipmaker issued disappointing guidance for the current quarter. [^1]\n\nJim Cramer, host of CNBC, stated that Snowflake stock is primed for a huge move following a blowout quarter. [^2]\n\nBroadcom reported adjusted earnings per share of $3.32 compared to the expected $3.24, and revenue of $29.59 billion compared to the expected $29.36 billion. [^3]\n\nBroadcom's revenue increased 86% during the quarter from $15.95 billion a year ago, and net income more than tripled to $13.09 billion. [^4]\n\nFor the fiscal fourth quarter, Broadcom expects revenue of $34.8 billion, while analysts were expecting $35.03 billion according to LSEG. [^5]\n\nSnowflake reported product revenue of $1.49 billion for its fiscal second quarter, representing a 37% increase from the year earlier. [^6]\n\nSnowflake shares jumped 23.27% to $377.00 in pre-market trading from Wednesday's $305.84 close. [^7]\n\nSnowflake's adjusted earnings hit $0.62 per share, and management lifted full-year product revenue guidance to $6.07 billion. [^8]",
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      "statement": "Broadcom shares dropped 5% in extended trading on Wednesday after the chipmaker issued disappointing guidance for the current quarter.",
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      "statement": "Snowflake shares jumped 23.27% to $377.00 in pre-market trading from Wednesday's $305.84 close.",
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