Investing.com - Broadcom (NASDAQ:AVGO) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Broadcom announced earnings per share of $6.96 on revenue of $6.78B. Analysts polled by Investing.com anticipated EPS of $6.88 on revenue of $6.76B.
Broadcom shares are up 12.34% from the beginning of the year and are trading at $491.87 , down-from-52-week-high.They are under-performing the Nasdaq which is up 18.95% from the start of the year.
Broadcom follows other major Technology sector earnings this month
Broadcom's report follows an earnings beat by NVIDIA on August 18, who reported EPS of $1.04 on revenue of $6.51B, compared to forecasts EPS of $1.02 on revenue of $6.33B.
Salesforce.com had beat expectations on August 25 with second quarter EPS of $1.48 on revenue of $6.34B, compared to forecast for EPS of $0.9246 on revenue of $6.24B.
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