Broadcom (AVGO) Raises Quarterly Dividend 14.1% to $5.25; 2.3% Yield
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Go back to Broadcom (AVGO) Raises Quarterly Dividend 14.1% to $5.25; 2.3% Yield
December 11, 2023 10:52 AM EST
Citi analysts resumed coverage of Broadcom (NASDAQ: AVGO) with a Buy rating and $1,100 price target in a note Monday, stating that AI tailwinds offset the semiconductor downturn.
Cit also noted the strength in the company's core business, alongside accretion from the VMware... More
December 7, 2023 4:33 PM EST
(Updated - December 8, 2023 5:39 AM EST)
Investing.com - Broadcom reported better-than-expected fourth-quarter results, but the chipmaker's guidance for annual revenue missed Wall Street estimates.
Broadcom Inc (NASDAQ: AVGO) was up 0.7% in pre-market Friday trade following the report.
Broadcom reported Q4 adjusted EPS of $11.06 on revenue of $9.30B. Analysts polled by Investing.com anticipated EPS of $10.96 on revenue of... More
December 7, 2023 4:17 PM EST
Broadcom (NASDAQ: AVGO) reported Q4 EPS of $11.06, $0.10 better than the analyst estimate of $10.96. Revenue for the quarter came in at $9.3 billion versus the consensus estimate of $9.28 billion.
GUIDANCE:
Broadcom sees FY2024 revenue of $50 billion, versus the consensus of $50.25 billion.
Fiscal...
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