Broadcom Fiscal Q3 Adjusted Earnings, Revenue Rise; Fiscal Q4 Outlook Set
MT Newswires Live
48 mins ago
Broadcom (AVGO) reported fiscal Q3 adjusted earnings late Wednesday of $3.32 per diluted share, up from $1.69 a year earlier.
Analysts polled by FactSet expected $3.22.
Revenue for the quarter ended Aug. 2 was $29.59 billion, up from $15.95 billion a year earlier.
Analysts expected $29.24 billion.
For fiscal Q4, the company expects revenue of about $34.8 billion. Analysts expect $34.68 billion.
The company maintained its quarterly dividend at $0.65 per share, payable Sept. 30 to stockholders of record Sept. 21.
Shares of Broadcom were down more than 5% in after-hours trading.
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