Broadcom (NASDAQ: AVGO) reported non-GAAP EPS of $5.14 for the second quarter of 2020 on revenue of $5.74 billion. While the earnings came in line with the analysts’ estimates, revenue surpassed the consensus view. AVGO shares dropped about 2% immediately after the earnings announcement.
“Second quarter results were in-line with our expectations, and saw limited impact from the effects of COVID-19,” said CEO Hock Tan.
For the third quarter of 2020, Broadcom expects revenue to be $5.75 billion plus or minus $150 million and adjusted EBITDA of $3.22 billion plus or minus $75 million.
The Kraft Heinz Company (NASDAQ: KHC) reported second-quarter 2021 financial results before the regular market hours on Wednesday. The food company reported Q2 revenue of $6.62 billion, down 0.5% year-over-year
General Motors Co. (NYSE: GM) reported second quarter 2021 earnings results today. Total revenue rose to $34.2 billion from $16.8 billion in the same period last year. GAAP net income
VS Health Corporation (NYSE: CVS) reported second-quarter 2021 earnings results today. Total revenues increased 11.1% to $72.6 billion compared to the same period last year, driven by growth across all