Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (92478)	6/12/2024 6:36:29 PM
From: Return to Sender	2 Recommendations Recommended By Julius Wong Sam Read Replies (2) \| Respond to of 95353

Broadcom beats by $0.11, beats on revs; guides FY24 revs above consensus; announces 10-for-1 stock split 4:19 PM ET 6/12/24 \| Briefing.com Reports Q2 (Apr) earnings of $10.96 per share, excluding non-recurring items, $0.11 better than the FactSet Consensus of $10.85; revenues rose 43.0% year/year to $12.49 bln vs the $12.06 bln FactSet Consensus.Results were once again driven by AI demand and VMware. Revenue from AI products was a record $3.1 billion during the quarter. Infrastructure software revenue accelerated as more enterprises adopted the VMware software stack to build their own private clouds.Co issues raised guidance for FY24 (Oct), sees FY24 revs of approximately $51.0 bln, up from approximately $50.0 bln, vs. $50.58 bln FactSet Consensus.Announcing a ten-for-one forward stock split of Broadcom's common stock.The ten-for-one forward stock split will be effected through the filing of an amendment to Broadcom's Amended and Restated Certificate of Incorporation that will proportionately increase the authorized shares of common stock. Stockholders of record after the close of market on July 11, 2024 will receive an additional nine shares of common stock for each share held after the close of market on July 12, 2024. At market open on July 15, 2024, trading is expected to commence on a split-adjusted basis.