Investing.com - Broadcom (NASDAQ:AVGO) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Broadcom announced earnings per share of $6.61 on revenue of $6.66B. Analysts polled by Investing.com anticipated EPS of $6.56 on revenue of $6.61B.
Broadcom shares are up 1.24% from the beginning of the year and are trading at $445.80 , down-from-52-week-high.They are outperforming the S&P 500 which is up 0.39% from the start of the year.
Broadcom shares gained 0.57% in after-hours trade following the report.
Broadcom follows other major Technology sector earnings this month
Broadcom's report follows an earnings beat by NVIDIA on Wednesday, February 24, 2021, who reported EPS of $3.1 on revenue of $5B, compared to forecasts EPS of $2.81 on revenue of $4.82B.
Salesforce.com had beat expectations on Thursday, February 25, 2021 with fourth quarter EPS of $1.04 on revenue of $5.82B, compared to forecast for EPS of $0.7532 on revenue of $5.68B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar