Broadcom Earnings, Revenue beat In Q2

  • Investing.com
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Broadcom Earnings, Revenue beat In Q2
Credit: © Reuters.

Investing.com - Broadcom (NASDAQ: AVGO ) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Broadcom announced earnings per share of $9.07 on revenue of $8.1B. Analysts polled by Investing.com anticipated EPS of $8.71 on revenue of $7.91B.

Broadcom shares are down 16.92% from the beginning of the year and are trading at $552.80 , down-from-52-week-high.They are under-performing the S&P 500 which is down 14.73% from the start of the year.

Broadcom shares gained 3.98% in intra-day trade the report.

Broadcom follows other major Information Technology sector earnings this month

Broadcom's report follows an earnings beat by Apple on Thursday, April 28, 2022, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.

NVIDIA had beat expectations on Wednesday with first quarter EPS of $1.36 on revenue of $8.29B, compared to forecast for EPS of $1.3 on revenue of $8.12B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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