Broadcom (AVGO) Tops Q3 EPS by 11c

Broadcom (NASDAQ: AVGO) reported Q3 EPS of $10.54, $0.11 better than the analyst estimate of $10.43. Revenue for the quarter came in at $8.88 billion versus the consensus estimate of $8.85 billion.

GUIDANCE:

Broadcom sees Q4 2023 revenue of $9.27 billion, versus the consensus of $9.28 billion. Fourth quarter Adjusted EBITDA guidance of approximately 65 percent of projected revenue.

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

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