Categories AlphaGraphs, Earnings, Technology
Broadcom (AVGO) reports higher Q1 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday said its first-quarter revenues and adjusted earnings increased year-over-year. The numbers also came in above Wall Street’s expectations.
Earnings, excluding non-recurring items, came in at $10.99 per share in the January quarter, compared to last year’s profit of $10.33 per share. The bottom line beat estimates. Unadjusted net income was $1.33 billion or $2.84 per share in Q1, vs. $3.77 billion or $8.80 per share in the first quarter of 2023.
First-quarter revenues totaled $11.96 billion, compared to $8.92 billion last year. Analysts had forecast a slower growth. The management said it expects fiscal 2024 revenues to be around $50 billion.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Alibaba Group (BABA) Q2 2025 Earnings: Key financials and quarterly highlights
Alibaba Group Holding Limited (NYSE: BABA) reported its second quarter 2025 earnings results today. Revenue was $33.7 billion, up 5% year-over-year. Net income attributable to ordinary shareholders grew 58% to
AMAT Earnings: Applied Materials Q4 revenue and profit increase YoY
Applied Materials, Inc. (NASDAQ: AMAT) announced financial results for the fourth quarter of 2024, reporting an increase in revenue and adjusted earnings. Adjusted earnings of the semiconductor technology company increased
What to expect when Target (TGT) reports its Q3 2024 earnings results
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday. The stock has gained 9% over the past three months. The retailer is scheduled to report its earnings results for
