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Broadcom Inc

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"Broadcom's Strong Q1 Earnings Beat Fails to Boost Stock"

Originally Published 1 year ago — by Yahoo Finance

Broadcom Inc. (AVGO) reported Q1 earnings of $10.99 per share, surpassing estimates, with revenues of $11.96 billion, beating expectations. The stock has outperformed the market, but the Zacks Rank currently stands at #4 (Sell), indicating a potential underperformance in the near future. The industry outlook and estimate revisions will likely impact the stock's performance, with the Electronics - Semiconductors industry currently ranking in the bottom 21% of Zacks industries. SMART Global Holdings, Inc. (SGH) is also expected to report its quarterly results soon.

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Broadcom Inc. Shines in Q4 2023 Earnings Call, Despite Price Concerns and Mixed Quarter

Originally Published 2 years ago — by Yahoo Finance

Broadcom Inc. reported Q4 2023 earnings of $8.25 EPS, missing expectations of $10.95 EPS. The company's consolidated net revenue for the quarter was $9.3 billion, up 4% YoY. Semiconductor solutions revenue increased 3% YoY to $7.3 billion, while infrastructure software revenue grew 7% YoY to $2 billion. Broadcom expects its fiscal year 2024 consolidated revenue to be $50 billion, driven by the integration of VMware and growth in its semiconductor segment.

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