Broadcom (NASDAQ:AVGO) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $5.39 on revenue of $5.78B. Analysts polled by forecast EPS of $5.36 on revenue of $5.74B. That compared to EPS of $5.85 on revenue of $5.45B in the same period a year earlier. The company had reported EPS of $5.16 on revenue of $5.52B in the previous quarter.
Broadcom shares gained 1.17% to trade at $331.01 in after-hours trade following the report.
Broadcom follows other major Technology sector earnings this month
On November 13, Cisco reported first quarter EPS of $0.84 on revenue of $13.16B, compared to forecasts of EPS of $0.81 on revenue of $13.08B.
Oracle earnings beat analysts' expectations on Thursday, with second quarter EPS of $0.9 on revenue of $9.61B. analysts expected EPS of $0.89 on revenue of $9.65B
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