Jim Cramer: Take Advantage of Earnings Disconnect, Buy Broadcom

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Broadcom  (AVGO) - Get Report reported earnings on Thursday. 

The company reported earnings of $6.61 per share on revenue that rose 14% year-over-year to $6.66 billion. Analysts were expecting earnings of $6.56 per share on revenue of $6.62 billion.

"We executed well during our first fiscal quarter driving 14% organic growth year on year," said Hock Tan, Broadcom's CEO. "This growth reflects the critical role our technology franchises play in this environment of accelerated digital transformation."

Jim Cramer says that he likes Broadcom here. 

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