Broadcom Posted Biggest EPS Beat In 3 YRS For Q1 Earnings | AVGO Stock

Shares of Broadcom (AVGO) received a nice lift after the semiconductor and software company posted its broadest EPS beat in three years in its Q1 earnings report. Broadcom also toppled its prior revenue forecast in the quarter and continues to see broad-based strength across its business. Broadcom anticipates a massive leap in revenue growth in Q2 to 55% Y/Y, led by an acceleration in enterprise and hyperscale demand.

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