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Broadcom up 14% After Q2 Earnings Beat, Stock Split

Benzinga ·  Jun 12 16:18

$Broadcom (AVGO.US)$ reported quarterly earnings of $10.96 per share which beat the analyst consensus estimate of $10.84 by 1.11 percent.  

The company reported quarterly sales of $12.487 billion which beat the analyst consensus estimate of $12.028 billion by 3.82 percent.  This is a 42.99 percent increase over sales of $8.733 billion the same period last year.

The firm announced a 10-1 stock split for July 15th. At current prices, each share would come in just below $150.

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