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
AVGO Earnings: Broadcom Q4 profit beats estimates; revenue up 4%
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported stronger-than-expected earnings for the fourth quarter. The tech firm also provided guidance for fiscal 2024. Earnings, excluding non-recurring items, came in
Costco’s (COST) stock hits a record high ahead of earnings. Here’s what to look for
As Costco Wholesale Corporation (NASDAQ: COST) prepares to publish its first-quarter earnings, the warehouse behemoth’s stock climbed to an all-time high this week. When it reports the results next week,
Dollar General (DG) faces challenges from inventory shrink in Q3
Shares of Dollar General Corporation (NYSE: DG) turned red on Thursday despite the company delivering better-than-expected results for the third quarter of 2023. The stock has dropped 46% year-to-date. Although
