Broadcom (AVGO) Tops Q3 EPS by 16c, Q4 Revenue Guidance Beats

Broadcom (NASDAQ: AVGO) reported Q3 EPS of $5.40, $0.16 better than the analyst estimate of $5.24. Revenue for the quarter came in at $5.82 billion versus the consensus estimate of $5.76 billion.

GUIDANCE:

Broadcom sees Q4 2020 revenue of $6.4 billion, versus the consensus of $6.18 billion.

• Fourth quarter Adjusted EBITDA of $3,744 million plus or minus $75 million, or 58.5% of revenue at the midpoint of guidance.

For earnings history and earnings-related data on Broadcom (AVGO) click here.

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