Broadcom (AVGO) Misses Q1 EPS by 8c, Offers Q2 Guidance, Withdraws Annual Guidance

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Go back to Broadcom (AVGO) Misses Q1 EPS by 8c, Offers Q2 Guidance, Withdraws Annual Guidance

Broadcom Inc. Announces First Quarter Fiscal Year 2020 Financial Results, Quarterly Dividend and Updated Guidance

March 12, 2020 4:15 PM EDT

SAN JOSE, Calif., March 12, 2020 /PRNewswire/ -- Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its first quarter of fiscal year 2020, ended February 2, 2020, announced its quarterly dividend and updated guidance.

"Our first fiscal quarter results were in line with our expectations, with our networking, storage and broadband businesses together growing nicely year over year," said Hock Tan, President and CEO of Broadcom Inc. "The fundamental semiconductor backdrop has been improving, and we... More