Broadcom reports better-than-expected Q1 results and guidanceīroadcom (NASDAQ:AVGO) reported its Q1 results yesterday, with EPS of $10.33 coming in better than the consensus estimate of $10.18. $1.96-$2.04 previously), compared to the consensus estimate of $2.02. The company raised its full 2023 year guidance, now expecting EPS of $2.02-$2.10 (vs. The company expects Q2/23 EPS in the range of $0.44-$0.52, compared to the consensus of $0.47, and revenue in the range of $7.1-7.5B, compared to the consensus of $7.04B.
Revenue was $7.8B, beating the Street estimate of $7.44 billion. Hewlett Packard Enterprise (NYSE:HPE) shares rose nearly 3% pre-market today after the company reported its Q1 results, with EPS coming in at $0.63, better than the Street estimate of $0.54. Hewlett Packard Enterprise beats Q1 estimates, raises 2023 guidance Shares were down more than 3% pre-market today. The company announced that Tom Sweet would retire as CFO at the end of Q2, and will be succeeded by Yvonne McGill.įurthermore, the company hiked its dividend by 12.1% to $0.37 per share, or $1.48 annualized, for an annual yield of 3.7%.įollowing the results, several analysts lowered their price targets on the stock, including Morgan Stanley with a new price target of $45.00 (from $47.00), Evercore ISI with a new price target of $46.00 (from $48.00), and Citi with a new price target of $50.00 (from $53.00). Revenue was $25B, beating the Street estimate of $23.51B. Dell Technologies reports Q4 beat, announced CFO retirement, hikes dividendĭell Technologies (NYSE:DELL) reported its Q4 results, with EPS of $1.80 coming in better than the consensus estimate of $1.65. Following the earnings release, Bernstein lowered its price target on the company to $568 from $586 while maintaining an Outperform rating.
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