Categories AlphaGraphs, Earnings, Technology
Broadcom (AVGO) stock gains after Q3 results top expectations
Broadcom, Inc. (NASDAQ: AVGO) reported stronger-than-expected earnings and revenues for the third quarter of 2020. The company’s shares made strong gains on Thursday evening soon after the announcement.
The tech firm reported adjusted earnings of $5.40 per share for the third quarter of 2020, up from $5.16 per share recorded a year earlier. Reported profit was $688 million or $1.45 per share, compared to $715 million or $1.71 per share in the third quarter of 2019. Analysts had predicted a lower number for the most recent quarter.
Net revenues moved up 6% annually to $5.82 billion from $5.51 billion in the year-ago quarter and exceeded the Street view.
Broadcom’s shares gained during Thursday’s extended trading session, after closing the regular session lower.
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to