Company News: Broadcom (AVGO) quarterly earnings beat analysts’ estimate

Market news

13 December 2019

Company News: Broadcom (AVGO) quarterly earnings beat analysts’ estimate

Broadcom (AVGO) reported Q4 FY 2019 earnings of $5.39 per share (versus $5.85 in Q4 FY 2018), beating analysts’ consensus estimate of $5.35.

The company’s quarterly revenues amounted to $5.776 bln (+6.1% y/y), generally in line with analysts’ consensus estimate of $5.735 bln.

The company also issued upside guidance for FY 2020, projecting revenues of 24.50-25.50 bln vs. analysts’ consensus estimate of $23.99 bln.

AVGO fell to $320.90 (-2.10%) in pre-market trading.

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