Broadcom (AVGO) Tops Q3 EPS by 3c, Offers Guidance
Broadcom (NASDAQ: AVGO) reported Q3 EPS of $1.24, $0.03 better than the analyst estimate of $1.21. Revenue for the quarter came in at $13.07 billion versus the consensus estimate of $12.97 billion.
GUIDANCE:
Broadcom sees Q4 2024 revenue of $14 billion, versus the consensus of $14.13 billion.
- Fourth quarter revenue guidance of approximately $14.0 billion; and
- Fourth quarter Adjusted EBITDA guidance of approximately 64 percent of projected revenue.
(Update corrects Q4 consensus revenue.)
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