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Why Alta (ALTG) Stock Is Up Today [Yahoo! Finance]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
company reported better-than-expected fourth-quarter revenue and provided strong guidance for the upcoming year. For the quarter, sales grew 2.2% year over year to $509.1 million, surpassing analyst estimates. While the company posted a wider-than-anticipated adjusted loss of $0.27 per share, investors appeared to focus on other positive financial improvements. Alta's free cash flow margin improved significantly, rising to 13.4% from 4.3% in the same quarter last year. Furthermore, the company's financial forecast for 2026 projected adjusted EBITDA of around $180 million at the midpoint, which was above what analysts had expected. Is now the time to buy Alta? Access our full analysis report here, it's free What Is The Market Telling Us Alta's shares are extremely volatile and have had 49 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of th
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