Broadcom Inc <AVGO.O>: Profits of $10.45 announced for fourth quarter

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 Broadcom Inc <AVGO.O>: Profits of $10.45 announced for fourth quarter
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8 December 2022 10:01 p.m. ​All figures in US dollars. The profits announced by Broadcom Inc in the fourth quarter were higher than the Refinitiv mean estimate of profits. The company reported profits of $10.45 per share, $2.64 higher than the same quarter last year when the company reported EPS of $7.81. Profits of $10.28 per share were anticipated by the twenty one analysts providing estimates for the quarter. Wall Street expected results to range from $10.10 to $10.52 per share, with a forecasted mean of $10.28 per share. The company reported revenue of $8.93 billion, which is higher than the estimated $8.9 billion. RECOMMENDATIONS * The consensus recommendation for the company is "Buy". * The average consensus recommendation for the semiconductors peer group is also "Buy". FORECAST CHANGES * Twenty one analysts are currently providing Refinitiv with estimates. * In the last week there have been no positive earnings revisions and four analysts have revised earnings estimates downwards. There was a loss of one estimate. YEAR OVER YEAR * The company reported an increase in revenue to $8.93 billion from $7.41 billion in the same quarter last year.​ * Previous quarterly performance (using earnings preferred measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Jul. 31 2022 9.56​ 9.73 Beat Apr. 30 2022 8.71 9.07 Beat Jan. 31 2022 8.08 8.39 Beat​ Oct. 31 2021 7.74 7.81 Beat This summary was machine generated from Refinitiv data December 8 at 10:01 p.m.


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