Broadcom (AVGO) reported first-quarter fiscal 2024 non-GAAP earnings of $10.99 per share, beating the Zacks Consensus Estimate by 7.22% and increasing 6.4% year over year.Net revenues increased 34% year over year to $11.96 billion, surpassing the Zacks Consensus Estimate by 2.06%. The upside can be partly attributed to the inclusion of 10.5 weeks of contribution from VMware.Top-Line DetailsSemiconductor solutions revenues (62% of revenues) totaled $7.390 billion, up 4% year over year, driven by the strong a ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Broadcom Inc. (NASDAQ:AVGO) Q1 2024 Earnings Conference Call March 7, 2024 5:15 PM ET Company Participants Ji Yoo - Head, IR Hock Tan - President and CEO Kirsten Spears - CFO Conference Call Participants Harsh Kumar - Piper Sandler Harlan Sur - JPMorgan Vivek Arya - Bank of America Securities Stacy Rasgon - Bernstein Aaron Rakers - Wells Fargo Chris Danely - Citi Karl Ackerman - BNP Paribas Christopher Rolland - Susquehanna Toshiya Hari - Goldman Sachs Vijay Rakesh - Mizuho Matt Ramsay - TD Cowen Edward Sny ...

Thursday, March 7th, 2024Following a couple days of selling off ahead of critical economic data this week has paid off for those paying attention: for the second session in a row, we’ve gone up on relatively favorable monthly prints. We’re still not at last week’s highs, save for the small-cap Russell 2000, but of the four major indices, only the Dow is in the red over the past five trading days. The Dow closed +130 points, +0.34%, the Nasdaq +241, +1.51%, while the S&P 500 and aforementioned Russell reache ...

Broadcom Inc. (AVGO) came out with quarterly earnings of $10.99 per share, beating the Zacks Consensus Estimate of $10.25 per share. This compares to earnings of $10.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.22%. A quarter ago, it was expected that this chipmaker would post earnings of $10.95 per share when it actually produced earnings of $11.06, delivering a surprise of 1%.Over the last four quarters, the company ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Broadcom Inc (NASDAQ: AVGO) is trading down in extended hours on Thursday even though it reported market-beating financial results for its first quarter.This is a developing story. Figures missing below will be updated as received! Broadcom stock down on muted guidanceCopy link to sectionThe stock is taking a hit primarily because investors are not entirely content with the future guidance. $AVGO now forecasts $50 billion in revenue ...

Top semiconductor stocks are climbing again in Thursday's daily trading session. Broadcom (AVGO 3.74%), Intel (INTC 3.39%), and Micron Technology (MU 3.22%) were up 3.6%, 3.7%, and 4%, respectively, as of 3 p.m. ET, according to data from S&P Global Market Intelligence.Before the market opened today, Mizuho published a note on Nvidia stock and raised its one-year price target from $850 per share to $1,000 per share. The positive analyst coverage had helped send the artificial intelligence (AI) leader's shar ...

The upcoming earnings report from Broadcom Inc (NASDAQ:AVGO) on Thursday is highly anticipated by investors as a crucial indicator for the AI sector’s strength amidst a declining market for computers and telephones.Broadcom’s performance, following a nearly 50% stock increase since its last quarterly report, could either fuel the ongoing rally in AI-related stocks or signal caution if it fails to meet the high expectations set by robust AI demand. AMD, SMCI gain in AI boomCopy link to sectionCompanies like ...

The stock price of Broadcom (NASDAQ: AVGO), a manufacturer of semiconductor and infrastructure software products, has experienced a positive start in 2024, primarily fueled by the hype surrounding artificial intelligence (AI). While it hasn’t delivered an outstanding performance like some of its competitors, such as Nvidia (NASDAQ: NVDA), AVGO remains a focal point for investors, particularly in assessing how significantly AI will impact the company’s prospects.Year-to-date, AVGO has surged by approximately ...

Shares of Broadcom Inc (NASDAQ: AVGO) opened nearly 4.0% up this morning after the multinational announced the world’s first 5nm PCIe solutions.What we know about Broadcom’s new PCIe solutionsCopy link to sectionThe release of its new retimers marks a meaningful progress in connectivity technology. PCIe solutions that Broadcom unveiled on Wednesday offer extended reach, simplified interoperability, and lower power dissipation aimed at meeting the ever-escalating demands of AI servers. Vijay Janapaty – gener ...