Broadcom Inc reports results for the quarter ended October 31 - Earnings Summary

• Broadcom Inc AVGO reported quarterly adjusted earnings of $1.42​​ per share for the quarter ended October 31, higher than the same quarter last year, when the company reported EPS of $1.11. The mean expectation of thirty two analysts for the quarter was for earnings of $1.38 per share. Wall Street expected results to range from $1.08 to $1.46 per share.

• Revenue rose 51.2% to $14.05 billion from a year ago; analysts expected $14.09 billion.

• Broadcom Inc's reported EPS for the quarter was 90 cents​.

• The company reported quarterly net income of $4.32 billion.

• Broadcom Inc shares had risen by 6.2% this quarter and gained 64.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 36 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the semiconductors peer group is also "buy"

Wall Street's median 12-month price target for Broadcom Inc is $200.00

This summary was machine generated from LSEG data December 12 at 10:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)