Broadcom Reports Third Quarter Earnings

Earnings Per Share (EPS)
Broadcom (NASDAQ: AVGO) reported third quarter EPS of $1.24, exceeding the analyst estimate of $1.21 by $0.03.

Revenue
Revenue for the quarter reached $13.07B, surpassing the consensus estimate of $12.97B.

Guidance

Broadcom anticipates Q4 2024 revenue of $14.00B, compared to the analyst consensus of $12.70B.

Stock Performance
Broadcom’s stock price closed at $152.82. It has increased by 8.64% over the last 3 months and 75.20% over the last 12 months.

In the past 90 days, Broadcom experienced 20 positive EPS revisions and 8 negative EPS revisions. You can see Broadcom’s stock price’s past reactions to earnings here.

According to InvestingPro, Broadcom’s Financial Health score indicates great performance.

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