Broadcom Sees FY24 Adj. EBITDA Approximately 61% of Projected Revenue
Portfolio Pulse from Benzinga Newsdesk
Broadcom projects its FY24 adjusted EBITDA to be approximately 61% of its projected revenue, indicating strong profitability expectations.
June 12, 2024 | 8:19 pm
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Broadcom has announced that its FY24 adjusted EBITDA is expected to be approximately 61% of its projected revenue. This indicates strong profitability expectations for the company.
The announcement of a high adjusted EBITDA margin (61% of projected revenue) suggests that Broadcom is expecting strong profitability in FY24. This positive financial outlook is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100