Broadcom Inc. (NASDAQ: AVGO) shares are trading lower in Thursday's after-hours session following the company's fourth-quarter results. Here's a summary of the performance.
What To Know: Broadcom reported quarterly earnings of $11.06 per share, exceeding analyst expectations of $10.98, a 5.84% increase over earnings of $10.45 per share from last year.
The company reported quarterly sales of $9.29 billion, missing the Street's estimate of $9.41 billion. The figure represents a 4.09% increase over sales of $8.93 billion in the same period last year.
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