Igor Golovniov | Lightrocket | Getty Photographs
Broadcom posted earnings for the second fiscal quarter on Wednesday that beat analyst estimates. It additionally introduced a 10-1 inventory cut up, set to start buying and selling on a split-adjusted foundation on July 15.
The inventory rose about 10% in prolonged buying and selling.
Here is how the corporate did versus LSEG consensus estimates for the quarter led to Might:
- EPS: $10.96, adjusted, vs. $10.84 anticipated
- Income: $12.49 billion vs. $12.01 billion anticipated
Broadcom’s general income was up 43% on an annual foundation throughout the quarter.
Broadcom is without doubt one of the chipmakers who has a reputable story that its gadgets can run the kinds of synthetic intelligence functions which have enamored the tech trade. Broadcom mentioned that $3.1 billion in gross sales may very well be attributed to income from AI merchandise.
That is breaking information. Please examine again for updates.
