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Broadcom Beats Fiscal Q2 Goals, Sending AVGO Stock Higher

Posted on AllSides June 12th, 2024
From The Right

Chipmaker and infrastructure software provider Broadcom (AVGO) late Wednesday beat Wall Street's targets for its fiscal second quarter. AVGO stock jumped in extended trading. The Palo Alto, Calif.-based company earned an adjusted $10.96 a share on sales of $12.49 billion in the quarter ended May 5. Analysts polled by FactSet had expected Broadcom to earn an adjusted $10.85 a share on sales of $12.06 billion. In the year-earlier period, Broadcom earned an adjusted $10.32 a share on sales of $8.73 billion. In after-hours trading on the stock market today, AVGO...

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https://investors.com/news/technology/avgo-stock-broadcom-fiscal-q2-2024-earnings

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