Broadcom announces stock split, earnings top estimates

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Broadcom (AVGO) reported second quarter results that topped Wall Street estimates on both the top and bottom lines. The company also announced a 10-for-1 stock split and a quarterly dividend of $5.25 per share. On the earnings front, Broadcom reported adjusted earnings of $10.96 per share, topping the $10.80 estimate. Revenue of $12.49 billion versus the $12.06 billion expectation. For the full year, Broadcom forecasts revenue of around $51 billion. Analysts had been expecting $50.4 billion. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance #broadcom #stocksplit #yahoofinance

Published 2024-06-12 · Watch on YouTube ↗
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