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.
Snap Inc. (NYSE: SNAP) reported second quarter 2021 earnings results today. Revenues increased 116% year-over-year to $982 million. Net loss amounted to $151.6 million, or $0.10 per share, compared to
Microblogging platform Twitter, Inc. (NYSE: TWTR) Thursday reported a profit for the second quarter of fiscal 2021, compared to a loss last year. Both earnings and revenue came in above
Intel Corporation (NASDAQ: INTC) Thursday reported financial results for the second quarter of 2021. The revenue was reported at $19.6 billion compared to $19.7 billion in the previous year's second