Broadcom Inc. Announces Third Quarter Fiscal Year 2024 Financial Results and Quarterly Dividend

Broadcom Inc. Announces Third Quarter Fiscal Year 2024 Financial Results and Quarterly Dividend

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Broadcom Inc. Announces Third Quarter Fiscal Year 2024 Financial Results and Quarterly Dividend

@samitranjan1 week ago

Broadcom Inc. Announces Third Quarter Fiscal Year 2024 Financial Results and Quarterly Dividend
Se…

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presented in detail in the financial reconciliation tables attached to this release.
Fourth Quarte…

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regulations and administrative proceedings, trade restrictions and trade tensions; global political…

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Basic income (loss) per share:
Income (loss) per share from continuing operations $ (0.31) $ 0.46 …

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Provision for (benefit from) income taxes on GAAP basis $ 4,238 $ (116) $ 271 $ 4,190 $ 572
Non-GA…

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CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED
(IN MILLIONS)
August 4, October 29,
2024 2023
…

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Employee compensation and benefits 291 251 184 (118) (382)
Other current assets and current liab…

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And the stock went up 20 percent

Broadcom Inc. Announces Third Quarter Fiscal Year 2024 Financial Results and Quarterly Dividend

@samitranjan

Broadcom Inc. reported its fiscal Q3 2024 results, showing a 47% revenue increase year-over-year to $13.1 billion, though GAAP net loss was $1.9 billion. Non-GAAP net income reached $6.1 billion with a quarterly dividend of $0.53 per share. The company anticipates strong Q4 revenue, projecting around $14 billion, boosted by AI and VMware contributions.

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