Broadcom Inc.: Fiscal Q2 Earnings Snapshot
By Ap News
Published - Jun 12, 2024, 04:30 PM ET
Last Updated - Jun 12, 2024, 04:30 PM EDT
PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — Broadcom Inc. (AVGO) on Wednesday reported fiscal second-quarter earnings of $2.12 billion.
The Palo Alto, California-based company said it had profit of $4.42 per share. Earnings, adjusted for one-time gains and costs, came to $10.96 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $10.79 per share.
The chipmaker posted revenue of $12.49 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $12.04 billion.
