Broadcom Inc. (NASDAQ:AVGO) will release its first-quarter financial results, after the closing bell, on Thursday, March 6.
Analysts expect the Palo Alto, California-based company to report quarterly earnings at $1.51 per share, up from $1.1 per share in the year-ago period. Broadcom projects quarterly revenue of $14.59 billion, compared to $11.96 billion a year earlier, according to data from Benzinga Pro.
The company missed analyst estimates for revenue in the fourth quarter, while it has beaten estimates in eight of the last 10 quarters.
Broadcom shares fell 5.7% to trade at $180.67 on Thursday.
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