Broadcom earnings beat by $0.03, revenue fell short of estimates

investing.com 12/12/2024 - 21:18 PM

Broadcom Reports Fourth Quarter Earnings

Investing.com – Broadcom (NASDAQ: AVGO) reported fourth quarter EPS of $1.42, beating the analyst estimate of $1.39 by $0.03. Revenue for the quarter was $14.05B, slightly below the consensus estimate of $14.07B.

Guidance

Broadcom anticipates Q1 2025 revenue of $14.60B, exceeding the analyst consensus of $14.55B.

Broadcom's stock price closed at $180.66. The stock has increased 7.73% over the last three months and 65.79% in the past year.

In the last 90 days, Broadcom experienced 7 positive EPS revisions and 2 negative EPS revisions. For insights into Broadcom's stock price reactions to earnings, visit the provided link.

According to InvestingPro, Broadcom's Financial Health score indicates good performance.

Stay informed on upcoming earnings reports by checking Investing.com's earnings calendar.




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