Broadcom posted earnings for the second fiscal quarter on Wednesday that beat analyst estimates. It also announced a 10-1 stock split, set to begin trading on a split-adjusted basis on July 15.
The stock rose about 10% in extended trading.
Here’s how the company did versus LSEG consensus estimates for the quarter ended in May:
EPS: $10.96, adjusted, vs. $10.84 expected
Revenue: $12.49 billion vs. $12.01 billion expected
Broadcom’s overall revenue was up 43% on an annual basis during the quarter.
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