Broadcom Shares Soar After Solid Q4 Earnings

Shares of Broadcom Ltd. (NASDAQ: AVGO) surged nearly 5% on Friday after the chipmaker reported a big earnings beat and doubled its dividend. Its fiscal fourth-quarter revenue rose 124% annually to $4.13 billion, beating estimates by $20 million. Net income from continuing operations grew 20% to $1.55 billion, or $3.47 per share, beating expectations by $0.09 per share. …read more

Read more here: Broadcom Shares Soar After Solid Q4 Earnings

Category: AVGO

Leave a Reply

%d bloggers like this: