Categories AlphaGraphs, Earnings, Technology
A visual dashboard of Broadcom (AVGO) Q2 2020 earnings results
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.
Most Popular
COVID-19 drove retailers up the digital path years ahead than anticipated
Earlier we looked into how, during the COVID-19 pandemic, retailers saw changing trends in terms of their assortments and how the acceleration of online shopping led many of them to
Snowflake (SNOW) creates a record as the most successful software IPO ever; stock more than doubles
Data is at the heart of business innovation. Recognizing this trend, companies are seeking ways to transform their businesses by capturing, analyzing, and mobilizing data. The public cloud is becoming
Adobe (ADBE) sees new tailwinds as virtual shift gathers steam
The second half has been highly rewarding for design software maker Adobe Inc. (NASDAQ: ADBE) amid stable demand for digital content solutions. The company has remained unaffected by the virus-related