Broadcom Earnings, Revenue beat in Q4

7 Dec 2018

Broadcom Earnings, Revenue beat in Q4

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

Stay up-to-date on all of the upcoming earnings reports by visiting 's earnings calendar

SIGN IN TO COMMENT

Facebook Comments

You can comment on Broadcom Earnings, Revenue beat in Q4 using Facebook here