Investing.com - Broadcom (NASDAQ:AVGO) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $5.55 on revenue of $5.79B. Analysts polled by Investing.com forecast EPS of $5.23 on revenue of $5.83B. That compared to EPS of $5.12 on revenue of $5.33B in the same period a year earlier. The company had reported EPS of $5.85 on revenue of $5.45B in the previous quarter.
Broadcom shares gained 5.16% to trade at $282.05 in after-hours trade following the report.
Broadcom follows other major Technology sector earnings this month
On February 13, Cisco reported second quarter EPS of $0.73 on revenue of $12.45B, compared to forecasts of EPS of $0.72 on revenue of $12.42B.
Adobe earnings beat analyst's expectations on Thursday, with first quarter EPS of $1.71 on revenue of $2.6B. Investing.com analysts expected EPS of $1.62 on revenue of $2.55B
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