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 $7.81 on revenue of $7.41B. Analysts polled by Investing.com anticipated EPS of $7.74 on revenue of $7.35B.
Broadcom shares are up 39% from the beginning of the year and are trading at $616.00 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is up 25.3% from the start of the year.
Broadcom shares gained 5.58% in after-hours trade the report.
Broadcom follows other major Information Technology sector earnings this month
Broadcom's report follows an earnings beat by NVIDIA on Wednesday, November 17, 2021, who reported EPS of $1.17 on revenue of $7.1B, compared to forecasts EPS of $1.11 on revenue of $6.82B.
Salesforce.com had beat expectations on Tuesday, November 30, 2021 with third quarter EPS of $1.27 on revenue of $6.86B, compared to forecast for EPS of $0.9224 on revenue of $6.8B.
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