Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported financial results for the third quarter of 2023. The tech firm also provided guidance for the fourth quarter.
Earnings, excluding non-recurring items, came in at $10.54 per share in the July quarter, compared to last year’s profit of $9.73 per share. Unadjusted net income was $3.30 billion or $7.74 per share in Q3, vs. $3.07 billion or $7.15 per share in the third quarter of 2022.
Third-quarter revenues totaled $8.88 billion, compared to $8.46 billion last year. The management provided guidance for the fourth quarter of the fiscal year.
The post Broadcom (AVGO) reports Q3 earnings. Here’s all you need to know 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]
