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Technology Stocks : Semi Equipment Analysis

SOXX 301.15

-1.2%

Dec 31 4:00 PM EST

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To: Return to Sender who wrote (91258)	12/7/2023 4:38:43 PM
From: Return to Sender	Read Replies (1) of 95657

Broadcom beats by $0.10, reports revs in-line; projects revs of approx. $50 bln in FY24 (Oct), including VMware contributions; increases dividend 4:19 PM ET 12/7/23 \| Briefing.com Reports Q4 (Oct) earnings of $11.06 per share, excluding non-recurring items, $0.10 better than the FactSet Consensus of $10.96; revenues rose 4.1% year/year to $9.29 bln vs the $9.28 bln FactSet Consensus. Co issues guidance for FY24, sees FY24 revs of approximately $50 bln (including contribution of VMware), may not be comparable to $39.17 bln FactSet Consensus.Co expects Adjusted EBITDA of approximately 60% of projected revenue.Co added, "Broadcom's fiscal year 2023 revenue grew 8% year-over-year to a record $35.8 billion, driven by investments in accelerators and network connectivity for AI by hyperscalers. The acquisition of VMware is transformational. In fiscal year 2024 we expect semiconductor to sustain its mid to high single digit revenue growth rate, with the contribution of VMware driving consolidated revenue to $50 billion, and adjusted EBITDA to $30 billion."Co also raised its quarterly dividend by 14% to $5.25/share.

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