Investing.com - Broadcom (NASDAQ:AVGO) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Broadcom announced earnings per share of $5.4 on revenue of $5.82B. Analysts polled by Investing.com anticipated EPS of $5.24 on revenue of $5.76B.
Broadcom shares are up 11.75% from the beginning of the year and are trading at $364.49 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 34.79% from the start of the year.
Broadcom shares gained 3.21% in after-hours trade after the report.
Broadcom follows other major Technology sector earnings this month
Broadcom's report follows an earnings beat by NVIDIA on Wednesday, August 19, 2020, who reported EPS of $2.18 on revenue of $3.87B, compared to forecasts EPS of $1.97 on revenue of $3.65B.
Salesforce.com had beat expectations on Tuesday, August 25, 2020 with second quarter EPS of $1.44 on revenue of $5.15B, compared to forecast for EPS of $0.67 on revenue of $4.9B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar