Broadcom Q2 2024 Adj EPS $10.96 Beats $10.84 Estimate, Sales $12.487B Beat $12.028B Estimate
Portfolio Pulse from Benzinga Newsdesk
Broadcom (NASDAQ:AVGO) reported Q2 2024 adjusted EPS of $10.96, beating the $10.84 estimate. Sales were $12.487 billion, surpassing the $12.028 billion estimate and marking a 42.99% increase from the same period last year.
June 12, 2024 | 8:15 pm
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Broadcom reported Q2 2024 adjusted EPS of $10.96, beating the $10.84 estimate. Sales were $12.487 billion, surpassing the $12.028 billion estimate and marking a 42.99% increase from the same period last year.
Broadcom's better-than-expected earnings and significant year-over-year sales growth are likely to positively impact its stock price in the short term. Beating both EPS and sales estimates typically boosts investor confidence and market sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100