As Expected, Broadcom’s Organic Revenues Didn’t Grow in Fiscal 2019
publication date: Dec 15, 2019
Image Source: Broadcom Inc – November 2019 IR Presentation.
On December 12, Broadcom reported fourth-quarter earnings for its fiscal 2019 (period ended November 3, 2019). While GAAP revenues for the full fiscal year were up 8% year-over-year, hitting $22.6 billion, please note that includes the uplift from Broadcom acquiring CA Technologies. Shares of AVGO initially traded down 2%-3% on December 13, as investors digested the firm’s guidance for fiscal 2020. As of this writing, shares of AVGO yield 3.4%.
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