Broadcom exceeded Q3 earnings and revenue expectations, but stock fell 5% in after-hours trading.

From CNBC: 2024-09-05 17:02:58

Broadcom surpassed Wall Street expectations for Q3 earnings and revenue. Shares fell 5% in extended trading. Q4 revenue projected at $14 billion. Net loss of $1.88 billion due to a one-time tax provision. Stock is up 75% in the past year. CEO expects $12 billion in AI sales by fiscal 2024. Sales of AI parts and custom chips totaled $7.27 billion.



Read more at CNBC:: Broadcom (AVGO) earnings report Q3 2024