Broadcom Inc. (AVGO) Beats Q4 Earnings and Revenue Estimates

Broadcom Inc. (AVGO) came out with quarterly earnings of $1.95 per share, beating the Zacks Consensus Estimate of $1.87 per share. This compares to earnings of $1.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +4.28%. A quarter ago, it was expected that this chipmaker would post earnings of $1.66 per share when it actually produced earnings of $1.69, delivering a surprise of +1.81%.Over the last four quarters, the company ...