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Broadcom Inc. dropped 4.2% to $249.00 despite the provider of semiconductor and infrastructure software solutions reporting higher earnings for its second quarter of fiscal 2025 ending on May 4.

Revenue edged up to $15.0 billion from $12.49 billion, net income jumped to $4.96 billion from $2.12 billion, and diluted earnings per share rose to $1.03 from 44 cents a year ago.

The company repurchased 25.3 million shares for $4.22 billion in the quarter.

In addition, Broadcom announced a quarterly cash dividend of 59 cents per share, payable on June 30 to shareholders on record on June 20.

The company guided third-quarter revenue to be approximately $15.8 billion, compared to $13.1 billion a year earlier.


06 Jun, 2025

     

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