Broadcom Inc. Announces First Quarter Fiscal Year 2020 Financial Results, Quarterly Dividend and Updated Guidance

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Go back to Broadcom Inc. Announces First Quarter Fiscal Year 2020 Financial Results, Quarterly Dividend and Updated Guidance

Broadcom (AVGO) Misses Q1 EPS by 8c, Offers Q2 Guidance, Withdraws Annual Guidance

March 12, 2020 4:19 PM EDT

Broadcom (NASDAQ: AVGO) reported Q1 EPS of $5.25, $0.08 worse than the analyst estimate of $5.33. Revenue for the quarter came in at $5.86 billion versus the consensus estimate of $6 billion.

GUIDANCE:

Broadcom sees Q2 2020 revenue of $5.7 billion, versus the consensus of $5.94... More