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Investing.com – Broadcom (NASDAQ:) reported on Thursday third quarter that beat analysts’ forecasts and revenue that topped expectations.
Broadcom announced earnings per share of $9.73 on revenue of $8.46B. Analysts polled by Investing.com anticipated EPS of $9.56 on revenue of $8.41B.
Broadcom shares are down 43% from the beginning of the year and are trading at $492.01 , down-from-52-week-high.They are under-performing the which is down 24.67% year to date.
Broadcom follows other major Information Technology sector earnings this month
Broadcom’s report follows an earnings beat by NVIDIA on Wednesday, August 24, 2022, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Cisco had beat expectations on Wednesday, August 17, 2022 with fourth quarter EPS of $0.83 on revenue of $13.1B, compared to forecast for EPS of $0.8162 on revenue of $12.73B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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