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

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4 setembro 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.

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