Broadcom falls on downbeat guidance; Brokers positive amid AI tailwinds
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Broadcom Inc. Announces Third Quarter Fiscal Year 2023 Financial Results and Quarterly Dividend
August 31, 2023 4:15 PM EDTRevenue of $8,876 million for the third quarter, up 5 percent from the prior year periodAdjusted EBITDA of $5,801 million for the third quarterNon-GAAP diluted EPS of $10.54 for the third quarter; GAAP diluted EPS of $7.74 for the third quarterQuarterly common stock dividend of $4.60 per shareRepurchased and eliminated 2.9 million shares for $2,167 millionFourth quarter revenue guidance of approximately $9.27 billion, an increase of 4 percent from the prior year periodFourth quarter Adjusted EBITDA guidance of approximately 65... More
