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.