Broadcom Inc. (NASDAQ: AVGO) reported second quarter 2021 earnings results today.
Revenues grew 15% year-over-year to $6.6 billion.
GAAP net income was $1.4 billion, or $3.30 per share, compared to $563 million, or $1.17 per share, last year. Adjusted EPS amounted to $6.62.
Both revenue and earnings surpassed market expectations.
For the third quarter of 2021, revenue is expected to increase 16% YoY to approx. $6.75 billion.
The board has approved a dividend of $3.60 per common share, payable on June 30, 2021 to stockholders of record as of June 22, 2021.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
The US primary markets seem to be having a record-breaking start to the year, with over $171 billion raised in the first half of 2021 compared to $168 billion for
The pharmaceutical industry has been witnessing hectic activity for some time, with most drug makers either channelizing their resources for vaccine development or engaging in COVID care programs. Biotechnology giant
Biotechnology company Monte Rosa Therapeutics is slated to go public this week. In a pandemic-ridden world, this industry is expanding at a healthy pace. The global biotechnology market is estimated