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Semiconductor firm Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported monetary outcomes for the third quarter of 2023. The tech agency additionally offered steering for the fourth quarter.
Earnings, excluding non-recurring objects, got here in at $10.54 per share within the July quarter, in comparison with final yr’s revenue of $9.73 per share. Unadjusted web revenue was $3.30 billion or $7.74 per share in Q3, vs. $3.07 billion or $7.15 per share within the third quarter of 2022.
Third-quarter revenues totaled $8.88 billion, in comparison with $8.46 billion final yr. The administration offered steering for the fourth quarter of the fiscal yr.
Prior Efficiency
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