Broadcom Inc. Announces Senior Leadership Appointments to Drive Continued Growth and Success
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December 11, 2020 9:02 AM EST
Broadcom (NASDAQ: AVGO) reported higher-than-expected earnings for the fourth quarter ending November 01. The company posted adjusted EPS of $6.35 a share on revenue of $6.47 billion.
This is higher than the Street consensus of $6.25 a share on revenue of $6.43 billion. AVFO said that semiconductor sales grew 6% on an annual basis to $4.83 billion, while infrastructure software sales soared 36% to $1.64 billion.
We concluded the year with strong fourth quarter results driven by continued demand for networking from cloud and for broadband from service providers as well as the significant ramp in wireless, even as enterprise demand remained... More
December 10, 2020 4:17 PM EST
Broadcom (NASDAQ: AVGO) reported Q4 EPS of $6.35, $0.10 better than the analyst estimate of $6.25. Revenue for the quarter came in at $6.47 billion versus the consensus estimate of $6.43 billion.
GUIDANCE:
Broadcom sees Q1 2021 revenue of $6.6 billion, versus the consensus of $6.37... More
