Broadcom Beats on Earnings and Gives Solid Guidance. The Stock Rises.
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Broadcom provided a revenue forecast for the April quarter above expectations.
Its shares rose in after-hours trading.
Broadcom reported fiscal first-quarter adjusted earnings per share of $10.33, topping the $10.17 Wall Street consensus estimate, according to FactSet. Revenue came in at $8.92 billion, roughly in line with expectations of $8.9 billion.
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