Broadcom had better-than-expected earnings

By: Miguel A. Rodriguez

09:45, 14 September 2020

Broadcom beat the estimates

One of the largest designers, developers, manufacturers of #semiconductors and #software, Broadcom, released its Q2 earnings which topped the expectations.

Broadcom reported revenues of $5.82 billion, the figures coming in higher than the $5.76 billion forecasted. Its earnings per share were $5.40, beating the $5.24 consensus.

The San Jose-based company had sales of $5.5 billion in #Q2. Its quarterly dividends are at $3.25 per share. Broadcom’s cash flow increased by 33% compared to last year’s figures. 

For the next quarter, Broadcom expects its revenue to reach a high of $6.55 billion, while the analysts are looking for $6.18 billion. Also, it plans to pay down $3 billion in debt. 

Following the report, Broadcom stock price gained more than 3%, while TECH100 lost over 5%. 

See how other companies from the tech sector have performed in the past quarter here!


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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.