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.
An innovative product portfolio that is capable of outshining the legacy databases has helped MongoDB (NASDAQ: MDB) stay largely unaffected by the market turmoil so far. Of late, the database
Retailer Macy's (NYSE: M) posted mixed results for its first quarter of 2020. While the topline missed the market's estimates, bottom line topped the targets. There were no change in
STZ Earnings: Key quarterly highlights that you need to know from Constellation Brands Q1 financial results
Constellation Brands (NYSE: STZ) today announced its first quarter financial results for the period ended May 31, 2020. First quarter net loss was $177.9 million, or $0.94 per share, compared