Broadcom’s (NASDAQ:AVGO) Q4 Sales Top Estimates, Stock Soars

Fabless chip and software maker Broadcom (NASDAQ:AVGO) reported Q4 CY2024 results exceeding the market’s revenue expectations , with sales up 24.7% year on year to $14.92 billion. Guidance for next quarter’s revenue was better than expected at $14.9 billion at the midpoint, 0.5% above analysts’ estimates. Its non-GAAP profit of $1.60 per share was 6.1% above analysts’ consensus estimates.

Is now the time to…