Investing.com - Broadcom (NASDAQ:AVGO) reported second quarter earnings that matched analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $5.21 on revenue of $5.52B. Analysts polled by Investing.com forecast EPS of $5.21 on revenue of $5.69B. That compared to EPS of $4.88 on revenue of $5.02B in the same period a year earlier. The company had reported EPS of $5.55 on revenue of $5.79B in the previous quarter.
For the year, Broadcom shares are up 10.75%, under-performing the Nasdaq 100 which is up 21.17% year to date.
Broadcom follows other major Technology sector earnings this month
On Tuesday, June 4, 2019, Salesforce.com reported first quarter EPS of $0.93 on revenue of $3.74B, compared to forecasts of EPS of $0.61 on revenue of $3.69B.
NVIDIA earnings beat analyst's expectations on Thursday, May 16, 2019, with first quarter EPS of $0.88 on revenue of $2.22B. Investing.com analysts expected EPS of $0.57 on revenue of $2.2B
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