Broadcom Inc AVGO shares are trading lower by 2.10% to $540.04 Wednesday afternoon. Shares of semiconductor companies at large are trading lower in sympathy with Analog Devices, which fell after the company reported third-quarter earnings results.
What Happened?
Analog Devices reported quarterly earnings of $2.52 per share which beat the analyst consensus estimate of $2.43. This represents an increase over earnings of $1.72 per share from the same period last year.
The company also reported quarterly sales of $3.11 billion which beat the analyst consensus estimate of $3.05 billion by 2%. This sales figure represents a 77% increase over sales of $1.76 billion in the same period last year... Read More
See Also: Here's How Much You'd Have Now If You Invested $1,000 In Bitcoin, Ethereum And Dogecoin 5 Years Ago
According to data from Benzinga Pro, Broadcom has a 52-week high of $677.76 and a 52-week low of $462.66.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
