Investing.com – Broadcom (NASDAQ:) reported on Thursday first quarter that beat analysts’ forecasts and revenue that topped expectations.
Broadcom announced earnings per share of $6.61 on revenue of $6.66B. Analysts polled by Investing.com anticipated EPS of $6.56 on revenue of $6.61B.
Broadcom shares are up 1.24% from the beginning of the year, still down 10.47% from its 52 week high of $495.14 set on February 19. They are outperforming the S&P 500 which is up 0.39% from the start of the year.
Broadcom shares gained 0.57% in after-hours trade following the report.
Broadcom follows other major Technology sector earnings this month
Broadcom’s report follows an earnings beat by NVIDIA on February 24, who reported EPS of $3.1 on revenue of $5B, compared to forecasts EPS of $2.81 on revenue of $4.82B.
Salesforce.com had beat expectations on February 25 with fourth quarter EPS of $1.04 on revenue of $5.82B, compared to forecast for EPS of $0.7532 on revenue of $5.68B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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