Broadcom Fiscal Q4 Non-GAAP Earnings, Revenue Rise; Fiscal Q1 Outlook Set -- Shares Gain After Hours

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Broadcom Fiscal Q4 Non-GAAP Earnings, Revenue Rise; Fiscal Q1 Outlook Set -- Shares Gain After Hours

MT Newswires Live12-13

Broadcom (AVGO) reported fiscal Q4 non-GAAP net income late Thursday of $1.42 per diluted share, up from $1.11 a year earlier.

Analysts polled by FactSet expected $1.39.

Revenue for the quarter ended Nov. 3 was $14.05 billion, up from $9.30 billion a year earlier.

Analysts polled by FactSet expected $14.07 billion.

For fiscal Q1, the chip maker is projecting revenue of around $14.6 billion. Analysts polled by FactSet are looking for $14.55 billion.

The company said its board raised the quarterly dividend by 11% to $0.59 per share, payable on Dec. 31 to stockholders of record on Dec. 23.

Shares of the company were up 5.6% in recent after-hours activity.

Price: 190.82, Change: +10.16, Percent Change: +5.62

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