Company News: Broadcom (AVGO) earnings results beat analysts’ expectations

Market news

13 September 2019

Company News: Broadcom (AVGO) earnings results beat analysts’ expectations

Broadcom (AVGO) reported Q3 FY 2019 earnings of $5.16 per share (versus $4.98 in Q3 FY 2018), beating analysts’ consensus estimate of $5.13.

The company’s quarterly revenues amounted to $5.515 bln (+8.9% y/y), generally in line with analysts’ consensus estimate of $5.519 bln.

The company also reaffirmed guidance for FY 2019 revenues at $22.5 bln versus analysts’ consensus estimate of $22.62 bln.

AVGO fell to $297.11 (-1.15%) in pre-market trading.

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