Broadcom (NASDAQ:AVGO) reported its Q1 earnings results on Thursday, March 3, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Broadcom beat estimated earnings by 3.84%, reporting an EPS of $8.39 versus an estimate of $8.08.
Revenue was up $1.05 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.07 which was followed by a 8.27% increase in the share price the next day.
Here's a look at Broadcom's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 7.74 | 6.88 | 6.42 | 6.55 |
| EPS Actual | 7.81 | 6.96 | 6.62 | 6.61 |
| Revenue Estimate | 7.36B | 6.76B | 6.51B | 6.61B |
| Revenue Actual | 7.41B | 6.78B | 6.61B | 6.66B |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
