Broadcom (AVGO) Stock Gains 4% on Beat and Raise Q4
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Go back to Broadcom (AVGO) Stock Gains 4% on Beat and Raise Q4
March 3, 2022 5:13 PM EST
Broadcom (NASDAQ: AVGO) declared a quarterly dividend of $4.10 per share, or $16.4 annualized.
The dividend will be payable on March 31, 2022, to stockholders of record on March 22, 2021, with an ex-dividend date of March 19, 2021.
The annual yield on the dividend is 2.8 percent.
For a... More
March 3, 2022 4:30 PM EST
By Chavi Mehta and Jane Lanhee Lee
(Reuters) - Chip company Broadcom Inc on Thursday forecast second-quarter revenue above Wall Street estimates on the back of strong demand from enterprise and cloud clients, and the ramp-up in 5G technology.
"Enterprise spending is on fire ... and we are seeing a big part of that," Broadcom's chief executive, Hock Tan, told analysts on a conference call. He said that the sector has been recovering strongly from a... More
March 3, 2022 4:16 PM EST
Broadcom (NASDAQ: AVGO) reported Q1 EPS of $8.39, $0.31 better than the analyst estimate of $8.08. Revenue for the quarter came in at $7.7 billion versus the consensus estimate of $7.6 billion.
GUIDANCE:
Broadcom sees Q2 2022 revenue of $7.9 billion, versus the consensus of $7.43 billion.
Second...
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