Broadcom Stock Jumps on Revenue Beat, Stock Split
Broadcom(AVGO) Investopedia·2024-06-12 21:20Key TakeawaysBroadcom reported second-quarter revenue beating analysts' estimates, while earnings fell short of projections.The company said that AI product revenue reached a record high.Broadcom also announced a 10-for-1 forward stock split, with the first day of split-adjusted trading set for July 15.Shares of Broadcom surged in extended trading Wednesday following the release. Broadcom (AVGO) reported second-quarter revenue beating analyst estimates, while earnings fell short of projections. The company ...