Broadcom Inc reports results for the quarter ended April 30 - Earnings Summary

• Broadcom Inc AVGO.OQ reported quarterly adjusted earnings of $1.58​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of $1.10. The mean expectation of thirty three analysts for the quarter was for earnings of $1.56 per share. Wall Street expected results to range from $1.36 to $1.70 per share.

• Revenue rose 20.2% to $15.00 billion from a year ago; analysts expected $14.99 billion.

• Broadcom Inc's reported EPS for the quarter was $1.03​.

• The company reported quarterly net income of $4.97 billion.

• Broadcom Inc shares had risen by 55.9% this quarter and gained 12.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 38 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for Broadcom Inc is $250.00

This summary was machine generated from LSEG data June 5 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)