Broadcom Inc. Announces Second Quarter Fiscal Year 2019 Financial Results, Quarterly Dividend and Updated Guidance
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Go back to Broadcom Inc. Announces Second Quarter Fiscal Year 2019 Financial Results, Quarterly Dividend and Updated Guidance
June 14, 2019 7:54 AM EDT
Morgan Stanley analyst Craig Hettenbach lowered the price target on Broadcom Limited (NASDAQ: AVGO) to $250.00 (from $262.00) while maintaining a Equalweight rating. Hettenbach has a negative view on the business near term balanced by the company's industry leading margins. A broad-based slowdown and the... More
June 14, 2019 6:37 AM EDT
Baird analyst Tristan Gerra lowered the price target on Broadcom Limited (NASDAQ: AVGO) to $280.00 (from $300.00) while maintaining an Outperform rating.
The analyst commented, "Broadcom's reduced full-year revenue guidance is dismissing the 2H recovery thesis articulated by many semiconductor companies earlier this... More
June 13, 2019 5:42 PM EDT
Broadcom (NASDAQ: AVGO) Plunges 8% Following Q2 Results and Guidance, Roils Semi Tech Sector
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June 13, 2019 4:17 PM EDT
(Updated - June 13, 2019 4:22 PM EDT)
Broadcom (NASDAQ: AVGO) reported Q2 EPS of $5.21, $0.03 better than the analyst estimate of $5.18. Revenue for the quarter came in at $5.52 billion versus the consensus estimate of $5.69 billion.
GUIDANCE:
Broadcom sees FY2019 revenue of $22.5 billion, versus the consensus of $23.05 billion.
Based on current business trends and conditions, the outlook for... More
