Ground News - Chipmaker Broadcom raises annual revenue forecast
Tech conglomerate Broadcom raised its annual revenue forecast on Wednesday, betting on higher demand for its networking equipment and custom chips from business
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Tech conglomerate Broadcom raised its annual revenue forecast on Wednesday, betting on higher demand for its networking equipment and custom chips from business
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Broadcom said it planned a 10-for-1 stock split in an effort to make its shares more affordable for investors and employees.
Broadcom tops Q2 estimates as AI revenue swells; unveils 10-for-1 stock split
Broadcom (NASDAQ:AVGO – Get Free Report) released its earnings results on Wednesday. The semiconductor manufacturer reported $10.96 earnings per share for the quarter, topping analysts’ consensus estimates of $10.78 by $0.18, Briefing.com reports. The firm had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.06 billion. Broadcom had a net […]