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Broadcom (BRCM) Stock Falls Ahead of Earnings Report

NEW YORK (TheStreet) -- Shares of Broadcom (BRCM - Get Report) were falling 3.1% to $51.48 in morning trading on Monday, ahead of the chipmaker's third quarter financial results, which are due after the market closes.

Analysts expect Broadcom to report earnings of 74 cents a share and revenue of $2.14 billion for the third quarter.

During Mad Money on Friday, Action Alerts PLUS Charitable Trust portfolio manager Jim Cramer said that Broadcom's stock could get hurt after the company reports its earnings, adding that he prefers Cypress Semiconductors (CY).

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Broadcom reported earnings of 72 cents a share for the second quarter, missing analysts' estimates of 75 cents a share for the quarter. The chipmaker reported revenue of $2.096 billion for the third quarter, compared to analysts' estimates of $2.106 billion.

The company reported earnings of 91 cents a share for the third quarter of 2014, above analysts' estimates of 84 cents a share. Broadcom saw revenue of $2.26 billion in the year-ago quarter, compared to...