Broadcom reports Q3 revenue up 47% YoY to $13.07B, vs. $12.96B est., and forecasts Q4 revenue of $14B, vs. $14.13B est.; AVGO drops 7%+ after hours (Larry Dignan/Constellation Research) 05-09-2024

Larry Dignan / Constellation Research:
Broadcom reports Q3 revenue up 47% YoY to $13.07B, vs. $12.96B est., and forecasts Q4 revenue of $14B, vs. $14.13B est.; AVGO drops 7%+ after hours — Broadcom reported better-than-expected third quarter results as revenue growth was driven by Ethernet networking and custom accelerators for AI data centers.