FMP
Broadcom Reports Q4 Beat
Dec 8, 2023 11:25 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
Broadcom (NASDAQ:AVGO) announced its fourth-quarter earnings, with EPS at $11.06, surpassing analysts' expectations of $10.96. The company's revenue for the quarter was reported at $9.3 billion, marginally above the consensus estimate of $9.28 billion.
Looking ahead, Broadcom forecasts its revenue for the fiscal year 2024 to be around $50 billion, which is slightly below the market consensus of $50.25 billion.
In terms of profitability, the company projects its annual adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) to be approximately 60% of the anticipated revenue, translating to about $30 billion. This figure represents a substantial increase, nearly $7 billion, from its EBITDA in 2023.
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