Broadcom Earnings, Revenue beat in Q1 By Investing.com

Broadcom (NASDAQ:AVGO) reported on Thursday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Broadcom announced earnings per share of $6.61 on revenue of $6.66B. Analysts polled by Investing.com anticipated EPS of $6.56 on revenue of $6.61B.

Broadcom shares are up 1.24% from the beginning of the year and are trading at $445.80 , down-from-52-week-high.They are outperforming the S&P 500 which is up 0.39% from the start of the year.

Broadcom shares gained 0.57% in after-hours trade the report.

Broadcom follows other major Technology sector earnings this month

Broadcom’s report follows an earnings beat by NVIDIA on February 24, who reported EPS of $3.1 on revenue of $5B, compared to forecasts EPS of $2.81 on revenue of $4.82B.

Salesforce.com had beat expectations on February 25 with fourth quarter EPS of $1.04 on revenue of $5.82B, compared to forecast for EPS of $0.7532 on revenue of $5.68B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar