Broadcom Q3 Adj. EPS $3.32 Beats $3.24 Estimate, Sales $13.088B Miss $29.362B Estimate

Broadcom (NASDAQ:AVGO) reported quarterly earnings of $3.32 per share which beat the analyst consensus estimate of $3.24 by 2.47 percent. This is a 96.45 percent increase over earnings of $1.69 per share from the same period last year. The company reported quarterly sales of $13.088 billion which missed the analyst consensus estimate of $29.362 billion by 55.43 percent. This is a 17.95 percent decrease over sales of $15.952 billion the same period last year.