Categories AlphaGraphs, Earnings, Technology
Broadcom (AVGO) Earnings: Q3 results top expectations amid strong demand
Chipmaker Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported stronger-than-expected earnings and revenues for the third quarter of 2021. Its shares made modest gains soon after the announcement.
The company posted adjusted earnings of $6.96 per share for the July quarter, up from last year’s profit of $5.40 per share. The reported net income was $1.80 billion or $4.20 per share, compared to $614 million or $1.45 per share in the third quarter of 2020. Analysts had predicted a slightly smaller number for the most recent quarter.
Driving the profit growth, net revenues moved up 16% annually to $6.78 billion and slightly exceeded the Street view.
Read management/analysts’ comments on Broadcom’s Q3 results
Shares of the company gained in after-hours trading on Thursday, after closing the regular session lower.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was
