Broadcom Reports Wednesday. Its Profit Is Growing Nearly 4 Times as Fast as Its Revenue.
The chip giant's operating costs have barely moved while its revenue soars. The next test comes at $29.4 billion.
Overview
Broadcom (NASDAQ:AVGO) reports its fiscal third-quarter results after the close on Wednesday, Sept. 2. Heading into the report, the chip and software giant's trailing-12-month revenue is up 32% to $75.5 billion, extraordinary at this scale.
But the bottom line is moving far faster. Net income over the same period climbed 127% to $29.3 billion -- nearly four times the pace of revenue growth.
Details
About 39 cents of every revenue dollar now lands as profit, up from about 23 cents a year earlier.
Source
Originally published at www.fool.com.
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