Broadcom Posts Q3 Beat, Guidance Slighly Worse Than Expected 
<p><a href='https://financialmodelingprep.com/financial-summary/AVGO'>Broadcom (NASDAQ:AVGO)</a> reported its Q3 earnings, revealing an EPS of $10.54, surpassing the analyst projection of $10.43. The revenue for the quarter reached $8.88 billion, slightly exceeding the Street estimate of $8.85 billion.</p>
<p>The company attributed the quarter's revenue growth to heightened demand for advanced networking technologies, driven by the expansion of hyperscale customers and the integration of AI clusters within data centers.</p>
<p>Looking ahead, Broadcom anticipates Q4 2023 revenue to amount to $9.27 billion, in contrast to the projected consensus of $9.28 billion. Additionally, the company expects Adjusted EBITDA for the fourth quarter to be around 65 percent of the forecasted revenue. </p>

NASDAQ:AVGO