Trending: Broadcom Reports Strong 1Q Earnings
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Dow Jones
9:53 ET -- Broadcom is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Broadcom's first-quarter profits missed Wall Street forecasts on deal-related costs as strong demand for AI-related products boosted semiconductor sales. The chip and software company said sales for the quarter were $11.96 billion, up 34% from the year before, because of its acquisition of software-maker VMware. The company made $1.33 billion in profit in the quarter, down from $3.78 billion the same period a year earlier and behind the expectations of a FactSet survey of analysts. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)
(END) Dow Jones Newswires
March 08, 2024 10:10 ET (15:10 GMT)
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