From Nasdaq: 2025-03-07 01:21:36

Shares of Broadcom Inc. (AVGO) surged 13% in after-hours trading following higher profit in the first quarter, beating estimates. The company also announced a higher revenue outlook for the next quarter, with a quarterly cash dividend of $0.59 per share. Second-quarter revenue is expected to be around $14.9 billion, up 19% from last year. In the first quarter, net income was $5.503 billion, or $1.14 per share, with adjusted earnings at $1.60 per share. Quarterly revenues rose 24.7% to $14.92 billion. Analysts estimate second-quarter adjusted EBITDA to be around 66% of revenue. AVGO stock rose 12.8% to $202.45.



Read more at Nasdaq: Broadcom Shares Up 13% In After-Hrs On Higher Q1 Results, Positive Q2 Outlook