Broadcom earnings beat on strong demand for enterprise storage products [Reuters]
Broadcom Inc. (AVGO)
Last broadcom inc. earnings: 3/12 04:15 pm
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Source: Reuters
Broadcom earnings beat on strong demand for enterprise storage products | Reuters 2 Min Read (Reuters) - Broadcom Inc ( AVGO.O ) on Thursday reported fourth-quarter revenue and profit above analysts’ estimates, driven by strong demand for its enterprise storage and networking products, sending its shares up 6 percent in extended trading. The chipmaker also forecast full-year 2019 revenue of $24.50 billion, above analysts’ estimates of $22.40 billion, according to IBES data from Refinitiv. Broadcom’s upbeat results came in contrast to other Apple Inc ( AAPL.O ) suppliers, which have cut their forecasts, suggesting tepid demand for new iPhones. “Looking forward to fiscal year 2019, we expect another year of double-digit revenue growth,” Broadcom Chief Executive Officer Hock Tan said in a statement. “Sustained demand within our semiconductor segment will be augmented by the newly acquired mainframe and enterprise software businesses to our infrastructure software segment.” The chipma
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AVGO
Earnings
- 3/7/24 - Beat
AVGO
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- AVGO's page on the SEC website