-
Broadcom Shares Fall After Q3 Sales Miss
Thursday, September 12, 2019 - 4:22pm | 184Read More...Broadcom Inc (NASDAQ: AVGO) reported a third-quarter sales miss after Thursday's closing bell. Adjusted earnings came in at $5.16, beating estimates by 2 cents. Sales came in at $5.51 billion, missing estimates by $35 million. The company reaffirmed 2019 guidance. "Our broad portfolio of...
-
Chip Stocks Fall In Sympathy With Broadcom After Q2 Sales Miss, Guidance Cut
Friday, June 14, 2019 - 10:07am | 525Read More...Chip stocks were trading mostly lower Friday after Broadcom Inc (NASDAQ: AVGO) issued a concerning second-quarter earnings report and cautious outlook. What Happened On Thursday, Broadcom said it earned $5.21 per share in the second quarter on revenue of $5.517 billion. Street analysts were...
-
Broadcom Shares Fall After Q2 Sales Miss, Guidance Cut
Thursday, June 13, 2019 - 4:23pm | 133Read More...Broadcom Inc (NASDAQ: AVGO) shares fell after reporting a second-quarter sales miss. Second-quarter adjusted earnings came in at $5.21, beating estimates by 3 cents. Sales came in at $5.517 billion, missing estimates by $173 million. The company cut FY2019 sales guidance from $24.5 billion to $22.5...
-
Nomura Upgrades Broadcom After Meeting With CEO
Monday, June 13, 2016 - 3:25pm | 341Read More...Nomura analyst Romit Sha has upgraded Broadcom Ltd (NASDAQ: AVGO) shares to buy rating with the price target increased to $200 from $190. The analysts met with the company's CEO, Hock Tan, and expressed his comments on the stock. The analyst stated, "Contrary to reports (Nikkei, Digitimes) of a...
-
Avago, Broadcom To Combine In $37 Billion Deal
Thursday, May 28, 2015 - 8:33am | 391Read More...Avago Technologies Ltd (NASDAQ: AVGO) announced on Thursday it has entered into a definitive agreement to acquire Broadcom Corporation (NASDAQ: BRCM) for approximately $37 billion. As part of the deal, Avago will acquire Broadcom for $17 billion in cash consideration and the economic equivalent...
-
Avago Technologies Falls Slightly After Q4 Results
Wednesday, December 4, 2013 - 6:17pm | 303Read More...Avago Technologies (NASDAQ: AVGO) is down more than one percent in after hours trading after the firm announced its fourth quarter results. The company reported a Q4 adjusted EPS of $0.89 versus the Street estimate of $0.82. Revenue came in at $738 million versus the Street estimate of $731.58...
