Broadcom Fiscal Q1 Adjusted Earnings, Revenue Rise; Q2 Guidance Set; Dividend Maintained

MT Newswires Live
Mar 05

Broadcom (AVGO) reported fiscal Q1 adjusted earnings late Wednesday of $2.05 per diluted share, up from $1.60 a year earlier.

Analysts surveyed by FactSet expected $2.03.

Revenue for the three months ended Feb. 1 was $19.31 billion, up from $14.92 billion a year earlier.

Analysts polled by FactSet expected $19.26 billion.

For fiscal Q2, the company expects revenue of approximately $22 billion. Analysts expect $20.50 billion.

The company maintained its quarterly dividend at $0.65 per share, payable March 31 to stockholders of record March 23.

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