$Broadcom (AVGO.US)$| Broadcom Q1 Earnings Highlights: 🔹 EPS: $10.99 (Est. $10.40) 🟢 🔹 Revenue: $11.96B (Est. $11.79B) 🟢 🔹 Semiconductor Solutions Rev: $7.39B (Est. $7.7B) 🔴 FY'24 Business Outlook: 🔹 Revenue Guidance: ~$50.0B (Est. $50.21B) 🟡 🔹 Adjusted EBITDA Guidance: ~60% of projected revenue Additional Insights: 🔸 Free cash flow, excluding restructuring in the quarter, was strong at $5.4B. 🔸 Fiscal Year 2024 includes the contribution from VMware, projecting an increase of 40% from the prior year period. 🔸 Plans to continue to pay down debt in Fiscal Year 2024.
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Yemz
:
After hitting two nearly 50 million dollars in about two minutes after the 4:16 market, it was quickly bought back soon after the market. Around 5:30, 70 million went in a minute. Very meaningful! Some smashed the plate, others paid for it.
Yemz
Kevin Chen15
:
I didn't mention the repurchase plan this time; the repurchase plan for the previous quarter has already been completed. Chief Legal and Corporate Affairs Officer Mark David Brazier acquired 16,375 common shares on March 5, 2024. The shares have a face value of $0.001 and were purchased free of charge, which suggests that this may be part of the executive's compensation package. Following this deal, Brazeal's direct shareholding in Broadcom increased to a total of 52,393 shares. The deal has been marked as completed.
Yemz
Kevin Chen15
:
In the first fiscal quarter, the company generated $4.815 billion in cash from operations and had capital expenses of $122 million. The company spent $8.29 billion on share buybacks and removals, including $7.176 billion for 6.7 million share repurchases and $1,114 billion in withholding taxes associated with the quarter's net settlement equity rewards (equivalent to approximately 1 million shares withheld). On December 29, 2023, the company paid a cash dividend of US$5.25 per share, totaling US$2,435 million.
Jessicamerica : Trash
Yemz : After hitting two nearly 50 million dollars in about two minutes after the 4:16 market, it was quickly bought back soon after the market. Around 5:30, 70 million went in a minute. Very meaningful! Some smashed the plate, others paid for it.
Kevin Chen15 Yemz : Feels like the company's buyback program is being bought
Yemz Kevin Chen15 : I didn't mention the repurchase plan this time; the repurchase plan for the previous quarter has already been completed. Chief Legal and Corporate Affairs Officer Mark David Brazier acquired 16,375 common shares on March 5, 2024. The shares have a face value of $0.001 and were purchased free of charge, which suggests that this may be part of the executive's compensation package. Following this deal, Brazeal's direct shareholding in Broadcom increased to a total of 52,393 shares. The deal has been marked as completed.
Yemz Kevin Chen15 : In the first fiscal quarter, the company generated $4.815 billion in cash from operations and had capital expenses of $122 million. The company spent $8.29 billion on share buybacks and removals, including $7.176 billion for 6.7 million share repurchases and $1,114 billion in withholding taxes associated with the quarter's net settlement equity rewards (equivalent to approximately 1 million shares withheld).
On December 29, 2023, the company paid a cash dividend of US$5.25 per share, totaling US$2,435 million.
jancie D Yemz : Will it be the same person who trades and buys left and right