Broadcom beats earnings estimates, announces 10-for-1 stock split

Broadcom posted earnings for the second fiscal quarter on Wednesday that beat analyst estimates. It also announced a 10-1 stock split, set to begin trading on a split-adjusted basis on July 15.

Here’s how the company did versus LSEG consensus estimates:

• EPS: $10.96, adjusted, vs. $10.84 expected
• Revenue: $12.49 billion vs. $12.01 billion expected

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