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.
Southwest Airlines Co. (NYSE: LUV) today reported its first quarter financial results for the period ended March 31, 2021. First quarter GAAP net income was $116 million, or $0.19 per
Aviation company American Airlines Group Inc. (NASDAQ: AAL) reported its first-quarter 2021 earnings before regular market hours. The operating revenue for the first quarter of 2021 was down by 39% at
Biogen Inc. (NASDAQ: BIIB) reported first quarter 2021 earnings results today. Total revenues decreased 24% year-over-year to $2.6 billion. On a constant currency basis, revenues fell 25%. Net income attributable