Broadcom Inc. (AVGO) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.10 per share a year ago.

Final Trade: AVGO, SCCO, LULU

06:21pm, Thursday, 05'th Jun 2025
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Broadcom (AVGO) on Thursday posted record quarterly revenue, thanks in part to growth in AI semiconductor revenue.
Broadcom edged past Wall Street's expectations with its outlook for the current quarter on Thursday, but that wasn't enough to lift its stock in the extended session.
The stock market reversed lower Thursday, as Palantir and Tesla plunged. Broadcom sold off on earnings after the closing bell.

EARNINGS ALERT: AVGO

04:45pm, Thursday, 05'th Jun 2025
Broadcom (AVGO) is often referred to as Nvidia's (NVDA) main competitor in the A.I. space. The company rallied big off its April lows but couldn't meet an exceedingly high bar in its latest earnings r

Broadcom beats on earnings and revenue

04:31pm, Thursday, 05'th Jun 2025
Broadcom reported second-quarter earnings on Thursday that beat Wall Street expectations and provided robust guidance for the current quarter. Revenue of $15 billion topped estimates of $14.99 billion
Broadcom forecast third-quarter revenue above Wall Street estimates on Thursday, betting on strong demand for its networking and custom AI computing chips.
Revenue of $15,004 million for the second quarter, up 20 percent from the prior year period GAAP net income of $4,965 million for the second quarter; Non-GAAP net income of $7,787 million for the seco
Steven Dickens sees Broadcom (AVGO) as a "more balanced business" with an expanding A.I. runway. He points to its VMware acquisition and growing list of partnerships with companies like Alphabet (GOOG
Broadcom (AVGO) established itself as a strong competitor in the A.I. space, rallying to new all-time highs ahead of earnings after hours.

Jobless Claims Increased More Than Expected

12:10pm, Thursday, 05'th Jun 2025
Pre-market futures had been up +0.25% or so across the board, but came back down to “unched” from yesterday's close following a few key economic data points. These data points were not bad across
Angelo Zino says Broadcom (AVGO) historically gives conservative guidance and expects the company to exceed its earnings. However, he believes there is upside potential in the company's semiconductor
Pre-market futures are rebounding back into the green on a report that President Trump and President Xi have spoken on the phone this morning.
Ben Reitzes, Melius Research head of technology research, joins 'Squawk on the Street' to discuss what to expect from Broadcom's quarterly earnings results.
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