* Broadcom Inc reported quarterly adjusted earnings of $1.42 per share for the quarter ended October 31, higher than the same quarter last year, when the company reported EPS of $1.11. The mean expectation of thirty two analysts for the quarter was for earnings of $1.38 per share. Wall Street expected results to range from $1.08 to $1.46 per share.
* Revenue rose 51.2% to $14.05 billion from a year ago; analysts expected $14.09 billion.
* Broadcom Inc's reported EPS for the quarter was 90 cents.
* The company reported quarterly net income of $4.32 billion.
* Broadcom Inc shares had risen by 6.2% this quarter and gained 64.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 0.2% 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 36 "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 $200.00 This summary was machine generated from LSEG data December 12 at 10:00 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Oct. 31 2024 1.38 1.42 Beat
Jul. 31 2024 1.20 1.24 Beat
Apr. 30 2024 1.08 1.10 Beat
Jan. 31 2024 1.03 1.10 Beat
