|Stocks making the biggest moves after hours: AVGO, LULU & more |
Chloe Aiello | @chlobo_ilo
Published 4 Hours Ago
Shares of Broadcom gained more than 3 percent after the company increased its dividend, reported better-than-expected earnings and gave strong first-quarter revenue guidance. The company upped its dividend to $1.75 from $1.02.
The communications chipmaker posted earnings of $4.59 per share on $4.85 billion in revenue. Analysts had expected Broadcom to report earnings of $4.52 a share on $4.83 billion in revenue, according to Thomson Reuters consensus estimates.