Broadcom Sees Q3 Revenue ~$8.85B vs $8.72B Est.
Portfolio Pulse from Benzinga Newsdesk
Broadcom expects Q3 revenue to be around $8.85 billion, surpassing the estimated $8.72 billion.
June 01, 2023 | 8:17 pm
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POSITIVE IMPACT
Broadcom's Q3 revenue forecast of $8.85 billion exceeds the $8.72 billion estimate.
Broadcom's higher-than-expected Q3 revenue forecast is likely to have a positive impact on its stock price in the short term. Investors may view this as a sign of strong performance and increased demand for the company's products and services.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100