Broadcom Q3 Earnings: Revenue Beat, EPS Beat, Continued Strength In AI Solutions And VMware, 2024 AI Guidance And More
Portfolio Pulse from Adam Eckert
Broadcom Inc (NASDAQ:AVGO) reported strong Q3 earnings, beating revenue and EPS estimates. The company highlighted continued strength in AI solutions and VMware, with a positive outlook for 2024 AI revenue. Despite the positive results, AVGO shares fell 3.97% after hours.
September 05, 2024 | 8:48 pm
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Broadcom reported Q3 earnings that beat analyst estimates for both revenue and EPS, driven by strong performance in AI solutions and VMware. The company provided positive guidance for 2024 AI revenue. Despite the strong results, AVGO shares fell 3.97% after hours.
Broadcom's Q3 earnings exceeded expectations, driven by strong AI and VMware performance. The positive guidance for 2024 AI revenue suggests continued growth. However, the after-hours share price drop may reflect profit-taking or market volatility.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100