Broadcom Inc reports results for the quarter ended in October - Earnings Summary

Published on December 08, 2022 02:02 PM PST

Broadcom Inc reports results for the quarter ended in October - Earnings Summary — Image source: ©2022 Kalkine Media®

* Broadcom Inc reported quarterly adjusted earnings of $10.45 per share for the quarter ended in October. The mean expectation of twenty one analysts for the quarter was for earnings of $10.28 per share. * Revenue rose 20.6% to $8.93 billion from a year ago; analysts expected $8.90 billion. * Broadcom Inc's reported EPS for the quarter was $7.83. * The mean earnings estimate of analysts had fallen by about 0.1% in the last three months. * In the last 30 days there have been no earnings estimate revisions by analysts covering the company. * Broadcom Inc shares had risen by 16.8% this quarter and lost 22.1% so far this year. * The company reported quarterly net income of $3.31 billion. * Wall Street's median 12-month price target for Broadcom Inc is $630.00 * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." This summary was machine generated from Refinitiv data December 8 at 10:01 p.m. All figures in US dollars unless otherwise stated. QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Oct. 31 2022 10.28 10.45 Beat Jul. 31 2022 9.56 9.73 Beat Apr. 30 2022 8.71 9.07 Beat Jan. 31 2022 8.08 8.39 Beat

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