Broadcom -- AVGO -- Beat, Beat, Shares Fall -- September 5, 2024

Locator: 48534AVGO.

CNBC anchors suggest AVGO will trade up / down as much as 7% after number reported.

Let's see the trading of AVGO after the market close.

At the close before the announcement: up slightly.

Expectations:

• EPS: $1.20
• Revenue: $12.97 billion

Minute by minute (C: close; A: announcement):

• At C + 5.00 -- up $1.58 / up 1.03%
• At C + 13.00 -- up 39 cents / up 0.3%
  
• At A -- down $6 / down 5%
  
• At A +5.00 -- down $5 / down 3%
• At A + one hour -- down $11 / down 7%
  

Actual vs expectations:

• EPS: beat; $1.24 vs $1.20
• revenue: beat; $13.07 billion vs $12.97 billion

Announces quarterly dividend of 53 cents / share.

Prior to the 10 - 1 split, the quarterly dividend was $5.25. Now, first dividend after the 10 - 1 split, 53 cents.