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Broadcom (AVGO) reported fiscal third quarter results that topped expectations. Adjusted earnings of $1.24 per share topped the $1.22 estimate. Revenue of $13.07 billion was slightly better than the expected $13.03 billion.
However, semiconductor solutions revenue did disappoint. Fourth quarter revenue guidance of $14.0 billion also fell short of the $14.13 billion Wall Street was expecting.
Market Domination Overtime anchors Julie Hyman and Josh Lipton break down the results in the video above.
#youtube #stockmarket #news
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2024/09/05
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