Broadcom announced earnings per share of $5.4 on revenue of $5.82B. Analysts polled by Investing.com anticipated EPS of $5.24 on revenue of $5.76B.
Broadcom shares are up 11.75% from the beginning of the year and are trading at $364.49 , down-from-52-week-high.They are under-performing the which is up 34.79% year to date.
Broadcom shares gained 3.21% 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, August 19, 2020, who reported EPS of $2.18 on revenue of $3.87B, compared to forecasts EPS of $1.97 on revenue of $3.65B.
Salesforce.com had beat expectations on Tuesday, August 25, 2020 with second quarter EPS of $1.44 on revenue of $5.15B, compared to forecast for EPS of $0.67 on revenue of $4.9B.
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