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

Market news

3 September 2021

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

Broadcom (AVGO) reported Q3 FY 2021 earnings of $6.96 per share (versus $5.40 per share in Q3 FY 2020), beating analysts’ consensus estimate of $6.91 per share.

The company’s quarterly revenues amounted to $6.778 bln (+16.4% y/y), roughly in line with analysts’ consensus estimate of $6.757 bln.

The company also issued upside guidance for Q4 FY 2021, projecting revenues of ~$7.35 bln versus analysts’ consensus estimate of $7.24 bln.

AVGO closed Thursday's trading session at $491.9 (-0.26%).

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