Broadcom Shares Rally on Strong Earnings, Dividend Hike, Buyback Plan

Broadcom shares are ratcheting higher successful precocious trading Thursday aft the spot and bundle institution posted better-than-expected results for its fiscal 4th fourth ended Oct. 31, provided beardown January-quarter guidance, raised its dividend and announced a caller stock-repurchase program.

For the quarter, Broadcom (ticker: AVGO) posted gross of $7.41 billion, up 15%, and somewhat up of the Wall Street expert statement forecast astatine $7.36 billion. Non-GAAP profits were $7.81 a share, edging statement of $7.74 a share. Under...