Broadcom's last quarter revenue and this quarter's guidance both exceeded expectations | Earnings Report Insights

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Broadcom’s first fiscal quarter adjusted net revenue was $19.31 billion, compared to analyst expectations of $19.26 billion.
The first fiscal quarter adjusted earnings per share (EPS) were $2.05, versus analyst expectations of $2.03.
The semiconductor solutions revenue for the first fiscal quarter was $12.52 billion, compared to analyst expectations of $12.31 billion.
The company plans to implement a new stock repurchase program with a maximum amount of $10 billion, approved by the board of directors.
For the second fiscal quarter, revenue is expected to be approximately $22 billion, compared to analyst expectations of $20.53 billion.
The estimated ratio of adjusted EBITDA to revenue for the second fiscal quarter is approximately 68%.

After the earnings report was released, Broadcom’s stock, which rose over 1% after hours on Wednesday, initially increased slightly but later turned down.

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