Broadcom Q1 EPS $10.99 Beats $10.29 Estimate, Sales $11.96B Beat $11.71B Estimate
Portfolio Pulse from Happy Mohamed
Broadcom (NASDAQ:AVGO) reported Q1 earnings of $10.99 per share, surpassing the $10.29 estimate, and sales of $11.96B, exceeding the $11.71B estimate. This represents a 6.39% increase in earnings and a 34.16% increase in sales from the same period last year.
March 07, 2024 | 9:16 pm
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POSITIVE IMPACT
Broadcom's Q1 earnings and sales exceeded analyst expectations, showing significant growth from the previous year.
Broadcom's earnings and sales not only surpassed analyst estimates but also showed substantial growth compared to the same period last year. This positive performance is likely to instill investor confidence and could lead to a short-term uptick in AVGO's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100