Broadcom stock moves higher after earnings, forecast beat

Broadcom Inc. continued to produce better results and forecast better near-term sales than Wall Street expects without providing guidance for the long term Thursday, and shares rose in extended trading.

Broadcom AVGO reported fiscal first-quarter earnings of $3.77 billion, or $8.80 a share, on sales of $8.91 billion, up from $7.71 billion a year ago. After adjusting for stock-based compensation and other costs, Broadcom reported earnings of $10.33 a share, up from $8.39 a share in the same quarter last year.

Broadcom “is not immune from cyclical headwinds,” Raymond James analysts cautioned in initiating coverage of semiconductor companies this week. “In particular, it has ~30% exposure to enterprise and ~20% to wireless , where we see potential demand slowdown. Upside appears modest, even in a soft-landing scenario.”

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Asian stocks mixed early Thursday after inflation fears again get the better of Wall StreetShanghai and Seoul advanced, while Tokyo and Hong Kong declined.
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »

Okta stock surges as Wall Street thinks software company is 'partially out of the woods'Okta shares rallied Thursday as Wall Street greeted the identity-management software company's forecast of profitability for the year with cautious optimism.
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »