Broadcom Gains on Solid Results and Guidance: 5 Key Takeaways – TheStreet

Broadcom (AVGO) delivered better-than-feared numbers for its chip businesses, and promised to drastically improve the profitability of its new software arm. After the bell on Thursday, Broadcom reported October quarter (fiscal fourth quarter) revenue of $5.45 billion (up 12% annually) and non-GAAP EPS of $5.85 (up 28%), topping consensus analyst estimates of $5.4 billion and…

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