Broadcom Inc. (NASDAQ: AVGO) posted upbeat earnings for its third quarter, but issued a weak forecast for the current quarter.
The company posted quarterly revenue of $8.88 billion, which exceeded market estimates of $8.86 billion. The company’s earnings came in at $10.54 per share, topping expectations of $10.42 per share.
Broadcom anticipates fourth-quarter revenue of approximately $9.27 billion versus estimates of $9.28 billion. Adjusted EBITDA is expected to be approximately 65% of forecasted quarterly revenue.
With Broadcom reporting strong quarterly earnings, some investors may be eyeing potential gains from the company’s dividends. As of now, Broadcom has a dividend yield of 2.06%, which is a quarterly dividend amount of $4.60 a share ($18.40 a year).
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