Broadcom Inc. (AVGO) announced a profit for its first quarter that Increases, from the same period last year
The company's earnings totaled $7.34 billion, or $1.50 per share. This compares with $5.50 billion, or $1.14 per share, last year.
Excluding items, Broadcom Inc. reported adjusted earnings of $10.18 billion or $2.05 per share for the period.
The company's revenue for the period rose 29.5% to $19.31 billion from $14.91 billion last year.
Broadcom Inc. earnings at a glance (GAAP) :
-Earnings: $7.34 Bln. vs. $5.50 Bln. last year.-EPS: $1.50 vs. $1.14 last year.-Revenue: $19.31 Bln vs. $14.91 Bln last year.
-Guidance:Next quarter revenue guidance: $ 22.0 B
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.