Broadcom (NASDAQ:AVGO) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $5.85 on revenue of $5.44B. Analysts polled by anticipated EPS of $5.56 on revenue of $5.4B. That compared to EPS of $4.59 on revenue of $4.84B in the same period a year earlier. The company had reported EPS of $4.98 on revenue of $5.07B in the previous quarter.
For the year, Broadcom shares are down 11.55%, under-performing the S&P 500 which is up 0.46% year to date. Broadcom follows other major Technology sector earnings this month
On November 14, Cisco reported first quarter EPS of $0.75 on revenue of $13.07B, compared to forecasts of EPS of $0.72 on revenue of $12.86B.
Salesforce.com earnings beat analyst's expectations on November 27, with third quarter EPS of $0.61 on revenue of $3.39B. analysts expected EPS of $0.5 on revenue of $3.37B
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