AVGO zooms to $100 ? Possible ?
@JC888:
On Thu, 06 Mar 2025, $Broadcom(AVGO)$ reported its quarterly earnings. Compared to LSEG consensus estimates: Earnings per share : came in at $1.60 adjusted vs $1.49 expected. Revenue : was $14.92 billion vs $14.61 billion expected vs $11.96, a year ago. Net income : came in at $5.5 billion, that was a +413.53% YoY gain. Outlook / Guidance for current quarter. The chipmaker offered strong guidance for current quarter, that was music to traders’ ears. For Q2 2025, AVGO’s guidance was $14.9 billion vs $14.76 billion forecast by Wall Street analysts. No wonder after the earnings were reported, the tech company rose by an impressive +9%, post trading hours. Broadcom presents a compelling narrative: This is because the stock has soared +50% YoY. It has
