Broadcom's first-quarter revenue beats estimates-February 2024-www.financetom.com

Broadcom's first-quarter revenue beats estimates

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Broadcom's first-quarter revenue beats estimates

Mar 7, 2024 1:44 PM

March 7 (Reuters) - Tech conglomerate Broadcom ( AVGO )

beat market estimates for first-quarter revenue on Thursday, as

cloud providers continue to upgrade data centers to support

artificial intelligence, helping drive demand for its advanced

networking chips.

The company reported quarterly net revenue of $11.96

billion. This compares to analysts' average estimate of $11.72

billion, according to LSEG data.

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