Broadcom (NASDAQ: AVGO) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The chipmaker reported Q4 revenue of $6.47 billion, up 12% year-over-year, and higher than the Wall Street projection. Meanwhile, net income of $6.35 per share was much better than what analysts had anticipated.
AVGO shares fell 2% immediately following the announcement. The stock has gained 27% since the beginning of this year.
The semiconductor firm also announced a slew of management changes.
The company’s CFO Tom Krause was appointed as the President of the new Infrastructure Software Group, overseeing the company’s six software divisions. Meanwhile, Charlie Kawwas, who is currently the Chief Sales Officer, will now take up the role of the COO. VP Kirsten Spears was named the new CFO.
Unisys Corporation (NYSE: UIS) is one of the few tech firms that failed to take full advantage of the digital transformation wave spurred by the coronavirus. But the recent improvement
American Express Company (NYSE: AXP) reported fourth-quarter 2020 earnings results today. Consolidated revenues, net of interest expense, declined 18% to $9.3 billion, The quarter primarily reflected declines in Card Member
General Electric Company (NYSE: GE) reported fourth quarter 2020 earnings results today. Total revenues fell 16% year-over-year to $21.9 billion but came ahead of market estimates of $21.8 billion.