{"id":55501,"date":"2023-08-31T21:51:31","date_gmt":"2023-09-01T01:51:31","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/broadcom-earnings-edge-estimates-the-stock-slips\/"},"modified":"2023-08-31T21:51:34","modified_gmt":"2023-09-01T01:51:34","slug":"broadcom-earnings-edge-estimates-the-stock-slips","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=55501","title":{"rendered":"Broadcom Earnings Edge Estimates. The Stock Slips."},"content":{"rendered":"
\n
<\/p>\n

<\/p>\n

<\/p>\n<\/figure><\/div>\n

\n Broadcom
\n shares are losing ground in late trading Thursday after the semiconductor and software company posted financial results that were a hair better than Street expectations.<\/p>\n

For the fiscal third quarter ended July 30, Broadcom (ticker: AVGO) reported revenue of $8.876 billion, up 5% from a year ago, just a smidgen above the Street consensus and the company\u2019s own guidance at $8.85 billion. On an adjusted basis, Broadcom earned $10.54 a share in the quarter, a little above consensus at $10.43 a share.<\/p>\n

\n

\u201cBroadcom\u2019s third quarter results were driven by demand for next generation networking technologies as hyperscale customers scale out and network their AI clusters within data centers,\u201d CEO Hock Tan said in a statement. \u201cOur fourth-quarter outlook projects year-over-year growth, reflecting continued leadership in networking for generative AI.\u201d<\/p>\n

For the fiscal fourth quarter, Broadcom projects revenue of $9.27 billion, up 4% from a year ago, and in line with Street estimates.\u00a0<\/p>\n

Adjusted Ebitda, or earnings before interest, taxes, depreciation and amortization, was $5.8 billion, up 8% from a year earlier. Broadcom said free cash flow in the quarter was $4.6 billion, up 7% from a year earlier. The company repurchased $2.2 billion of common stock in the quarter. <\/p>\n

Broadcom is widely viewed as a potential play on the growth of AI, but investors may have been hoping to see some clearer signs that trend is materially affecting financial results.<\/p>\n

In late trading, Broadcom shares were 3.1% lower at $894, effectively reversing a similar gain during Thursday\u2019s regular session.<\/p>\n

Write to Eric J. Savitz at eric.savitz@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Broadcom shares are losing ground in late trading Thursday after the semiconductor and software company posted financial results that were a hair better than Street expectations. For the fiscal third quarter ended July 30, Broadcom (ticker: AVGO) reported revenue of $8.876 billion, up 5% from a year ago, just a smidgen above the Street consensus […]<\/p>\n","protected":false},"author":1,"featured_media":55502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-55501","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nBroadcom Earnings Edge Estimates. The Stock Slips. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Broadcom shares are losing ground in late trading Thursday after the semiconductor and software company posted financial results that were a hair better\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=55501\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Broadcom Earnings Edge Estimates. The Stock Slips. | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Broadcom shares are losing ground in late trading Thursday after the semiconductor and software company posted financial results that were a hair better\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=55501\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-01T01:51:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-01T01:51:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/08\/1693533092_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=55501#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=55501\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Broadcom Earnings Edge Estimates. The Stock Slips.\",\"datePublished\":\"2023-09-01T01:51:31+00:00\",\"dateModified\":\"2023-09-01T01:51:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=55501\"},\"wordCount\":260,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=55501#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=55501\",\"url\":\"https:\/\/ifintechworld.com\/?p=55501\",\"name\":\"Broadcom Earnings Edge Estimates. The Stock Slips. | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-09-01T01:51:31+00:00\",\"dateModified\":\"2023-09-01T01:51:34+00:00\",\"description\":\"Broadcom shares are losing ground in late trading Thursday after the semiconductor and software company posted financial results that were a hair better\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=55501#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=55501\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=55501#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Broadcom Earnings Edge Estimates. The Stock Slips.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Broadcom Earnings Edge Estimates. The Stock Slips. | iFintechWorld","description":"Broadcom shares are losing ground in late trading Thursday after the semiconductor and software company posted financial results that were a hair better","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=55501","og_locale":"en_US","og_type":"article","og_title":"Broadcom Earnings Edge Estimates. The Stock Slips. | iFintechWorld","og_description":"Broadcom shares are losing ground in late trading Thursday after the semiconductor and software company posted financial results that were a hair better","og_url":"https:\/\/ifintechworld.com\/?p=55501","og_site_name":"iFintechWorld","article_published_time":"2023-09-01T01:51:31+00:00","article_modified_time":"2023-09-01T01:51:34+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/08\/1693533092_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=55501#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=55501"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Broadcom Earnings Edge Estimates. The Stock Slips.","datePublished":"2023-09-01T01:51:31+00:00","dateModified":"2023-09-01T01:51:34+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=55501"},"wordCount":260,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=55501#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=55501","url":"https:\/\/ifintechworld.com\/?p=55501","name":"Broadcom Earnings Edge Estimates. The Stock Slips. | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-09-01T01:51:31+00:00","dateModified":"2023-09-01T01:51:34+00:00","description":"Broadcom shares are losing ground in late trading Thursday after the semiconductor and software company posted financial results that were a hair better","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=55501#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=55501"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=55501#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Broadcom Earnings Edge Estimates. The Stock Slips."}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/55501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55501"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/55501\/revisions"}],"predecessor-version":[{"id":55503,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/55501\/revisions\/55503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/55502"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}