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Broadcom Inc. (AVGO) recently announced its financial results for the third quarter of fiscal year 2024, which ended on August 4, 20241. Here are some key highlights:
• Revenue: Broadcom reported a revenue of $8.88 billion, which represents a year-over-year increase of 5%1.
• Net Income: The net income for the quarter was $2.72 billion, up from $2.45 billion in the same quarter last year1.
• Earnings Per Share (EPS): The diluted EPS was $6.35, compared to $5.72 in the previous year1.
• Operating Margin: The operating margin improved to 55%, reflecting strong operational efficiency1.
Broadcom also provided guidance for the fourth quarter of fiscal year 2024, expecting revenue to be approximately $9.1 billion1.
Would you like to dive deeper into any specific aspect of their financials or discuss something else related to Broadcom?
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