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Investing.com – Broadcom (NASDAQ:) reported third quarter that beat analysts’ forecasts and income that topped expectations.
Shares of the chipmaker rose 0.4% in after-hours buying and selling, to $493.39.
Broadcom introduced earnings per share of $6.96 on income of $6.78 billion. Analysts polled by Investing.com anticipated EPS of $6.88 on income of $6.76 billion.
Broadcom shares are up 12.34% from the start of the 12 months, nonetheless down 3.15% from its 52 week excessive of $507.85 set on August 30. They’re under-performing the which is up 18.95% from the beginning of the 12 months.
Broadcom follows different main Expertise sector earnings this month
Broadcom’s report follows an earnings beat by NVIDIA on August 18, which reported EPS of $1.04 on income of $6.51 billion, in comparison with forecasts EPS of $1.02 on income of $6.33 billion.
Salesforce.com had beat expectations on August 25 with second quarter EPS of $1.48 on income of $6.34 billion, in comparison with forecast for EPS of $0.9246 on income of $6.24 billion.
Keep up-to-date on all the upcoming earnings studies by visiting Investing.com’s earnings calendar
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