Broadcom says it will sell $12 billion in AI parts and custom chips this year
AVGOBroadcom(AVGO) CNBC·2024-09-06 04:44

Broadcom reported fiscal third-quarter results on Thursday that beat Wall Street expectations for revenue and earnings.Broadcom shares fell 5% in extended trading.Here is how the chipmaking conglomerate did versus LSEG consensus estimates for the quarter ending Aug. 4:Earnings per share: 1.24adjustedvs.1.24 adjusted vs. 1.20 expectedRevenue: 13.07billionvs.13.07 billion vs. 12.97 billion expectedBroadcom expects current-quarter revenue of 14billion,versus14 billion, versus 1.36 per share on $14.04 billion expected.Broadcom reported a net loss of ...