Broadcom Third Quarter 2024 Earnings: EPS Misses Expectations

Broadcom (NASDAQ:AVGO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$13.1b (up 47% from 3Q 2023).
• Net loss: US$1.43b (down by 143% from US$3.30b profit in 3Q 2023).
• US$0.31 loss per share (down from US$0.80 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Broadcom EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 22% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for Broadcom that we have uncovered.

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