Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations.
Earnings, excluding non-recurring items, came in at $1.24 per share in the July quarter, compared to $1.05 per share in the comparable period a year earlier. On an unadjusted basis, it was a net loss of $1.88 billion or $0.40 per share in Q3, compared to a profit of $3.3 billion or $0.77 per share in the prior-year quarter.
Third-quarter revenues totaled $13.07 billion, higher than the $8.88/billion revenue reported in the third quarter of 2023. For the fourth quarter of 2024, the management expects revenues of around $14.0 billion.
The post Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates first appeared on AlphaStreet.
—
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact [email protected]
