Investing.com - Broadcom (NASDAQ:AVGO) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $5.16 on revenue of $5.52B. Analysts polled by Investing.com anticipated EPS of $5.14 on revenue of $5.55B. That compared to EPS of $4.98 on revenue of $5.07B in the same period a year earlier. The company had reported EPS of $5.21 on revenue of $5.52B in the previous quarter.
Broadcom shares lost 0.19% to trade at $300.00 in after-hours trade following the report.
Broadcom shares lost 0.19% to trade at $300.00 in after-hours trade following the report.
For the year, Broadcom shares are up 18.21%, under-performing the Nasdaq which is up 25.93% year to date.
Broadcom follows other major Technology sector earnings this month
On Wednesday, August 14, 2019, Cisco reported fourth quarter EPS of $0.83 on revenue of $13.43B, compared to forecasts of EPS of $0.81 on revenue of $13.39B.
Oracle earnings matched analyst's expectations on Wednesday, with first quarter EPS of $0.81 on revenue of $9.22B. Investing.com analysts expected EPS of $0.81 on revenue of $9.28B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar