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Broadcom (AVGO) Skyrockets on 85% Revenue Surge and Stellar Guidance

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The Story

News Summary

  • Broadcom reported outstanding Q3 financial results, with net income rising to $13.088 billion ($2.68 per share) compared to $4.140 billion last year.
  • Revenue surged 85.5% year-over-year to $29.591 billion, backed by an optimistic next-quarter revenue guidance of $34.8 billion.
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AVGO price history

344.72 -9.97% over the displayed period

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