Broadcom earnings beat, but Q4 revenue guidance disappoints

In this article:

Broadcom (AVGO) reported fiscal third quarter results that topped expectations. Adjusted earnings of $1.24 per share topped the $1.22 estimate. Revenue of $13.07 billion was slightly better than the expected $13.03 billion.

However, semiconductor solutions revenue did disappoint. Fourth quarter revenue guidance of $14.0 billion also fell short of the $14.13 billion Wall Street was expecting.

Market Domination Overtime anchors Julie Hyman and Josh Lipton break down the results in the video above.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Stephanie Mikulich.

Advertisement