Broadcom (AVGO) reported second quarter results that topped Wall Street estimates on both the top and bottom lines. The company also announced a 10-for-1 stock split and a quarterly dividend of $5.25 per share.
On the earnings front, Broadcom reported adjusted earnings of $10.96 per share, topping the $10.80 estimate. Revenue of $12.49 billion versus the $12.06 billion expectation. For the full year, Broadcom forecasts revenue of around $51 billion. Analysts had been expecting $50.4 billion.
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