TrillionDollarBreaks – Broadcom Inc. (NASDAQ: AVGO) Faces Analyst Scrutiny Ahead of Earnings Report
Broadcom (NASDAQ: AVGO), is scheduled to release its fiscal first-quarter earnings after the market closes today. Analysts anticipate revenue of approximately $14.61 billion, marking a 22% year-over-year increase, and adjusted net income of $7.39 billion, up from $5.25 billion in the same period last year. Despite recent stock declines, top analysts remain optimistic about Broadcom's performance. Evercore's Mark Lipacis, who ranks in the top 1% of Wall Street stock experts, notes encouraging demand for Broadcom's networking equipment, driven by positive capital expenditure commentary from major hyperscalers. As of 1:34 PM EST on March 6, 2025, Broadcom shares were trading at…