Investing.com – Broadcom (NASDAQ:) reported on Thursday second quarter that beat analysts’ forecasts and income that topped expectations.

Broadcom introduced earnings per share of $9.07 on income of $8.1B. Analysts polled by Investing.com anticipated EPS of $8.71 on income of $7.91B.

Broadcom shares are down 16.92% from the start of the 12 months, nonetheless down 18.44% from its 52 week excessive of $677.76 set on December 28, 2021. They’re under-performing the S&P 500 which is down 14.67% from the beginning of the 12 months.

Broadcom shares gained 3.98% in intra-day commerce following the report.

Broadcom follows different main Info Know-how sector earnings this month

Broadcom’s report follows an earnings beat by Apple on April 28, who reported EPS of $1.52 on income of $97.28B, in comparison with forecasts EPS of $1.42 on income of $94.03B.

NVIDIA had beat expectations on Wednesday with first quarter EPS of $1.36 on income of $8.29B, in comparison with forecast for EPS of $1.3 on income of $8.12B.

Keep up-to-date on the entire upcoming earnings studies by visiting Investing.com’s earnings calendar