Broadcom says it will sell $12 billion in AI parts and custom chips this year
Broadcom(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: $1.24 adjusted vs. $1.20 expectedRevenue: $13.07 billion vs. $12.97 billion expectedBroadcom expects current-quarter revenue of $14 billion, versus $1.36 per share on $14.04 billion expected.Broadcom reported a net loss of ...