Broadcom Q2 Earnings: Revenue, EPS Beat Driven By Strong AI Demand, Guidance Raise, Stock Split And More
Portfolio Pulse from Adam Eckert
Broadcom Inc (NASDAQ:AVGO) reported strong Q2 earnings, beating revenue and EPS estimates driven by AI demand. The company announced a 10-for-1 stock split and raised its fiscal-year 2024 revenue guidance. Shares rose 10.53% in after-hours trading.
June 12, 2024 | 8:44 pm
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Broadcom reported strong Q2 earnings, beating revenue and EPS estimates. The company announced a 10-for-1 stock split and raised its fiscal-year 2024 revenue guidance. Shares rose 10.53% in after-hours trading.
Broadcom's strong Q2 earnings, driven by AI demand, beat analyst estimates for both revenue and EPS. The announcement of a 10-for-1 stock split and raised fiscal-year 2024 revenue guidance are positive signals for investors, leading to a 10.53% increase in after-hours trading.
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