Broadcom Earnings, Revenue Beat in Q2
2022.05.26 21:22
Broadcom Earnings, Revenue Beat in Q2
Investing.com – Broadcom (NASDAQ:AVGO) reported on Thursday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Broadcom announced earnings per share of $9.07 on revenue of $8.1B. Analysts polled by Investing.com anticipated EPS of $8.71 on revenue of $7.91B.
Broadcom shares are down 16.92% from the beginning of the year, still down 18.44% from its 52 week high of $677.76 set on December 28, 2021. They are under-performing the S&P 500 which is down 14.67% from the start of the year.
Broadcom shares gained 3.98% in intra-day trade following the report.
Broadcom follows other major Information Technology sector earnings this month
Broadcom’s report follows an earnings beat by Apple on April 28, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
NVIDIA had beat expectations on Wednesday with first quarter EPS of $1.36 on revenue of $8.29B, compared to forecast for EPS of $1.3 on revenue of $8.12B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
