Broadcom Q2 Adj. EPS $10.32 Beats $10.08 Estimate, Sales $8.73B Beat $8.71B Estimate
Portfolio Pulse from Benzinga Newsdesk
Broadcom reported Q2 earnings of $10.32 per share, beating the analyst consensus estimate of $10.08 by 2.38%. Sales reached $8.83 billion, surpassing the $8.71 billion estimate by 1.41% and marking a 9.01% increase YoY.
June 01, 2023 | 8:16 pm
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Broadcom's Q2 earnings surpassed estimates with a 13.78% YoY increase in EPS and a 9.01% YoY increase in sales.
Broadcom's Q2 earnings report shows better-than-expected results, with a 13.78% YoY increase in EPS and a 9.01% YoY increase in sales. This positive performance is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100