Investing.com - Broadcom (NASDAQ:AVGO) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Broadcom announced earnings per share of $6.35 on revenue of $6.47B. Analysts polled by Investing.com anticipated EPS of $6.24 on revenue of $6.43B.
Broadcom shares are up 29.58% from the beginning of the year and are trading at $410.00 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 42.01% from the start of the year.
Broadcom shares gained 0.12% in after-hours trade the report.
Broadcom follows other major Technology sector earnings this month
Broadcom's report follows an earnings beat by NVIDIA on Wednesday, November 18, 2020, who reported EPS of $2.91 on revenue of $4.73B, compared to forecasts EPS of $2.58 on revenue of $4.42B.
Adobe had beat expectations on Thursday with fourth quarter EPS of $2.81 on revenue of $3.42B, compared to forecast for EPS of $2.67 on revenue of $3.36B.
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