Broadcom (NASDAQ:AVGO) reported second quarter earnings that matched analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $5.21 on revenue of $5.52B. Analysts polled by anticipated EPS of $5.21 on revenue of $5.69B. That compared to EPS of $4.88 on revenue of $5.02B in the same period a year earlier. The company had reported EPS of $5.55 on revenue of $5.79B in the previous quarter.
Broadcom follows other major Technology sector earnings this month
On June 4, Salesforce.com reported first quarter EPS of $0.93 on revenue of $3.74B, compared to forecasts of EPS of $0.61 on revenue of $3.69B.
NVIDIA earnings beat analysts' expectations on May 16, with first quarter EPS of $0.88 on revenue of $2.22B. analysts expected EPS of $0.57 on revenue of $2.2B
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