Broadcom beats earnings estimates, announces 10-for-1 stock split

Broadcom posted earnings for the second fiscal quarter on Wednesday that beat analyst estimates. It also announced a 10-1 stock split, set to begin trading on a split-adjusted basis on July 15.The stock rose about 10% in extended trading. Here's how the company did versus LSEG consensus estimates for the quarter ended in May:EPS: $10.96, adjusted, vs. $10.84 expectedRevenue: $12.49 billion vs. $12.01 billion expectedThe chipmaker said that it expected about $51 billion in sales during its fiscal 2024 year. ...