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Notizie economiche
13.12.2024
Company news: Broadcom’s (AVGO) quarterly earnings beat analysts’ estimates
Broadcom (AVGO) reported Q4 FY2024 earnings of $1.42 per share (versus $11.06 per share in Q4 FY2023), beating analysts’ consensus estimate of $1.39 per share.
The company’s quarterly revenues amounted to $14.054 bln (+51.2% y/y), marginally missing analysts’ consensus estimate of $14.068 bln.
The company also issued upside revenue guidance for Q1 FY2025 of ~$14.6 bln versus analysts’ consensus estimate of $14.55 bln.
In addition, it increased its quarterly common stock dividend by 11% from the prior quarter to $0.59/share.
AVGO rose to $206.40 (+14.25%) in pre-market trading.
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