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AVGO

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.

Portfolio Pulse from Adam Eckert

June 12, 2024 | 8:44 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares experienced volatility on Wednesday, initially rising due to cooler-than-expected inflation data but later giving up gains. The company recently announced new vehicle connectivity features called Connect+, which will be available this summer. Rivian's revenue growth in FY23 was 167.43%, but the stock has underperformed compared to its peers.

Portfolio Pulse from Erica Kollmann

June 12, 2024 | 8:29 pm

AVGO

Broadcom projects its FY24 adjusted EBITDA to be approximately 61% of its projected revenue, indicating strong profitability expectations.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:19 pm

AVGO

Broadcom shares are trading higher after the company reported better-than-expected Q2 financial results, issued strong revenue guidance, and announced a 10-for-1 forward split.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:18 pm

PLAY

Dave & Buster's Entertainment Inc. (NASDAQ:PLAY) shares fell after the company reported worse-than-expected Q1 results. The company missed analyst estimates for both earnings and sales, with earnings per share at $1.12 versus the expected $1.70, and sales at $588.1 million versus the expected $621.26 million. Comparable store sales also decreased by 5.6%. Despite these setbacks, the company opened four new stores and continues to focus on organic growth initiatives and share repurchases.

Portfolio Pulse from Erica Kollmann

June 12, 2024 | 8:18 pm

AVGO

Broadcom reported that its revenue from AI products reached $3.1 billion in the last quarter.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:17 pm

AVGO

Broadcom has announced its revenue forecast for fiscal year 2024, projecting approximately $51.0 billion, which is slightly above the estimated $50.42 billion.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:16 pm

AVGO

Broadcom has provided its fiscal year 2024 revenue guidance of approximately $51 billion, slightly above the estimated $50.42 billion. The company also expects an adjusted EBITDA of about 61% of projected revenue. This guidance includes contributions from VMware.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:16 pm

AVGO

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.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:15 pm

BTCUSD

DOGEUSD

ETHUSD

SOLUSD

Cryptocurrency markets initially surged on positive CPI data but retraced after a hawkish FOMC press conference. Bitcoin, Ethereum, and Dogecoin saw notable price movements. Key statistics include high short liquidations and increased large transaction volumes. Ethereum is considered undervalued by some traders, while Solana and Ripple ETFs are unlikely in the near future.

Portfolio Pulse from Khyathi Dalal

June 12, 2024 | 8:13 pm