Categories AlphaGraphs, Analysis, Technology

Earnings Preview: Broadcom approaches Q1 2019 results while industry slumps

Chipmaking giant Broadcom Inc. (AVGO) is touted to post its first-quarter 2019 earnings on March 14.

According to Zacks Research, the Street looks at $5.22 per share in earnings in revenue of $5.74 billion.

Broadcom fourth quarter 2018 Earnings Infographic

In the previously reported fourth quarter, Broadcom results beat estimates sending the stock up. With all major business segments delivering for the chip giant, adjusted earnings per share soared more than 27% year-over-year, while revenue rose 12%.

Broadcom’s Networking, Enterprise Storage, Wireless and Industrial Products segments witnessed robust demand, driving the top-line higher.

Back then, CEO Hock Tan said, “Looking forward to fiscal year 2019, we expect another year of double digit revenue growth. Sustained demand within our semiconductor segment will be augmented by the newly acquired mainframe and enterprise software businesses to our infrastructure software segment.”

 

Earnings Calendar: Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

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