Broadcom's revenue lands at $5.82B in Q3

Thursday, 03. September 2020 22:17

Broadcom Inc. reported on Thursday that its revenue in the third quarter rose by 6% compared to the same period the year before to stand at $5.82 billion.

The company revealed that its diluted earnings per share dipped 15.2% year-over-year, to stand at $1.45, with its net income at $688 million.

"We delivered third quarter revenue results in-line with our expectations, driven by healthy demand from cloud and telecom customers, which more than offset the expected reset in wireless," Broadcom CEO Hock Tan, said in a statement. The company's shares gained 2.03% in the after-hours trading, selling for $359.25.

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