Why Broadcom Stock Popped on Earnings Today
Semiconductors giant Broadcom (NASDAQ: AVGO) stock jumped 10.7% through 10:20 a.m. ET Friday after reporting modest beats on both top and bottom lines in its fiscal Q3 earnings report last night.
Heading into the quarter, analysts forecast Broadcom would earn $1.66 per share (adjusted for one-time items) on sales of just over $15.8 billion. In fact, Broadcom earned $1.69 per share on sales of nearly $16 billion.
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Source Fool.com
Broadcom Ltd. Stock
€361.05
0.190%
With 82 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 404 € there is a slightly positive potential of 11.9% for Broadcom Ltd. compared to the current price of 361.05 €.
