Broadcom Q4 Adj $11.06 Beats $10.98 Estimate, Sales $9.29B Miss $9.41B Estimate
Portfolio Pulse from Benzinga Newsdesk
Broadcom Inc. (AVGO) reported Q4 adjusted earnings of $11.06 per share, surpassing the consensus estimate of $10.98, marking a 5.84% increase from the previous year. However, quarterly sales of $9.29 billion fell short of the expected $9.41 billion, a 1.22% miss, though it was a 4.09% increase from the previous year.

December 07, 2023 | 9:16 pm
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NEUTRAL IMPACT
Broadcom Inc. exceeded Q4 EPS estimates but missed on revenue, showing mixed financial performance.
While Broadcom's earnings per share exceeded expectations, the miss on revenue estimates could temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The earnings beat may be seen positively, but the sales miss indicates potential concerns about growth, which could offset the positive earnings impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100