Broadcom Inc.: Fiscal Q3 Earnings Snapshot

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SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Broadcom Inc. (AVGO) on Thursday reported fiscal third-quarter profit of $3.3 billion.

The San Jose, California-based company said it had profit of $7.74 per share. Earnings, adjusted for one-time gains and costs, came to $10.54 per share.

The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $10.42 per share.


The chipmaker posted revenue of $8.88 billion in the period, also surpassing Street forecasts. Ten analysts surveyed by Zacks expected $8.86 billion.

For the current quarter ending in October, Broadcom Inc. said it expects revenue in the range of $9.27 billion. Analysts surveyed by Zacks had expected revenue of $8.76 billion.


Broadcom Inc. shares have risen 65% since the beginning of the year, while the S&P's 500 index has climbed 17%. In the final minutes of trading on Thursday, shares hit $922.89, an increase of 85% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on AVGO at