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.

Broadcom Q3 2021 earnings infographic

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

  • Broadcom Q4 2020 earnings

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

UAL Earnings: United Airlines Q4 revenue Jumps; net loss narrows

Aviation giant United Airlines Holdings, Inc. (NYSE: UAL) reported a narrower net loss for the fourth quarter of 2021 as the company's revenues more than doubled during the period. The

Microsoft (MSFT), Activision (ATVI), Take-Two (TTWO), Zynga (ZNGA): Get ready for a new era in gaming

Over the past two weeks, the gaming industry has witnessed some key developments, namely the Microsoft-Activision and Take-Two Interactive-Zynga deals. These are major transactions that could herald a new era

Bank of America reports mixed Q4 results

Bank of America (NYSE: BAC) reported fourth-quarter 2021 financial results before the regular market hours on Wednesday. The banking giant reported Q4 revenue of $22.17 million, up 10% year-over-year, but

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top