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

Market news

4 September 2020

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

Broadcom (AVGO) reported Q3 FY 2020 earnings of $5.40 per share (versus $5.16 per share in Q3 FY 2019), beating analysts’ consensus estimate of $5.24 per share.

The company’s quarterly revenues amounted to $5.821 bln (+5.5% y/y), beating analysts’ consensus estimate of $5.763bln.

The company also issued upside guidance for Q4 FY 2020, projecting revenues of $6.25-6.55 bln versus analysts’ consensus estimate of $6.20 bln.

AVGO fell to $348.56 (-1.00%) in pre-market trading.

European session review: GBP weakens, weighed down by uncertainty around post-Brexit UK-EU trade relationship, BoE's Saunders' remarks

USD: Just a short-term correction in the dollar - ING

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.