Broadcom Q3 2024 Adj. EPS $1.24 Beats $1.20 Estimate, Sales $13.072B Beat $12.960B Estimate
Portfolio Pulse from Benzinga Newsdesk
Broadcom's Q3 2024 earnings and sales exceeded analyst expectations, with EPS at $1.24 and sales at $13.072 billion, marking a significant year-over-year sales increase.
September 05, 2024 | 8:16 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Broadcom's Q3 2024 earnings per share of $1.24 surpassed the consensus estimate of $1.20, and sales of $13.072 billion exceeded the $12.960 billion estimate. This reflects a 47.27% increase in sales compared to the same period last year.
Broadcom's better-than-expected earnings and sales figures are likely to positively impact its stock price in the short term. The significant year-over-year sales growth further strengthens investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100