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

Market news

4 June 2021

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

Broadcom (AVGO) reported Q2 FY 2021 earnings of $6.62 per share (versus $5.14 per share in Q2 FY 2020), beating analysts’ consensus estimate of $6.46 per share.

The company’s quarterly revenues amounted to $6.610 bln (+15.1% y/y), beating analysts’ consensus estimate of $6.506 bln.

The company also issued upside guidance for Q3 FY 2021, projecting revenues of ~$6.75 bln versus analysts’ consensus estimate of $6.59 bln.

In addition, Broadcom's Board of Directors approved a quarterly cash dividend on its common stock of $3.60/share.

AVGO closed Thursday's trading session at $464.80 (-1.88%).

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