© Reuters. Broadcom Earnings Beat, Revenue Misses In Q3

Investing.com – Broadcom (NASDAQ:) on Thursday offered up a cautious outlook on demand and reported mixed third quarter as earnings topped expectations but revenue fell short.

“Looking at the semiconductor solutions segment, we believe demand has bottomed out but will continue to remain at these levels due to the current uncertain environment,” the company said as it maintained its full-year expectations.

Broadcom guided full-year revenue of $22.5 billon with an operating margin of 52.5%.

The firm reported earnings per share of $5.16 on revenue of $5.52 billion. Analysts polled by Investing.com forecast earnings per share of $5.14 on revenue of $5.55 billion. That compared to earnings per share of $4.98 on revenue of $5.07 billion in the same period a year earlier. The company had reported earnings per share of $5.21 on revenue of $5.52 billion in the previous quarter.

Broadcom shares lost 0.19% to trade at $300.00 in after-hours trade following the report.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link