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Broadcom announced earnings per share of $9.73 on revenue of $8.46B. Analysts polled by Investing.com anticipated EPS of $9.56 on revenue of $8.41B.
Broadcom shares are down 43% from the beginning of the year, still down 27.41% from its 52 week high of $677.76 set on December 28, 2021. They are under-performing the Nasdaq which is down 24.67% from the start of the year.
Broadcom’s report follows an earnings beat by NVIDIA on August 24, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Cisco had beat expectations on August 17 with fourth quarter EPS of $0.83 on revenue of $13.1B, compared to forecast for EPS of $0.8162 on revenue of $12.73B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
