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

Follow us on Google News:
 Broadcom Inc <AVGO.O>: Profits of $10.45 announced for fourth quarter
Image source: ©2022 Kalkine Media®

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.


The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.