Broadcom Inc. (Nasdaq:AVGO) Q1 2023 Revenue of $8.915 billion , up 16% year-over-year

March 2, 2023 — Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its first quarter of fiscal year 2023, ended January 29, 2023, provided guidance for the second quarter of its fiscal year 2023 and announced its quarterly dividend. Broadcom Inc. (Nasdaq: AVGO) reported non-GAAP net income of $10.33 per share for its fiscal Q1 ended Jan. 29, Analysts polled by Capital IQ expected $10.16. Revenue for the semiconductor and infrastructure software firm increased 16% year-over-year, rising to $8.92 billion,Analysts expected $8.9 billion. The company is projecting $8.7 billion in fiscal Q2 revenue. Analysts forecast $8.6 billion. •Revenue of $8,915 million for the first quarter, up 16 percent from the prior year period •Adjusted EBITDA of $5,678 million for the first quarter •Non-GAAP diluted EPS of $10.33 for the first quarter; GAAP diluted EPS of

Broadcom Inc. (Nasdaq:AVGO) Q1 2023 Revenue of $8.915 billion , up 16% year-over-year Read Post »

Costco Wholesale (NASDAQ:COST) reported net sales of $17.06 billion in February, up 4.7% year-over-year

Costco Wholesale (NASDAQ:COST) reported For the four-week reporting month of February, ended February 26, 2023, the Company reported net sales of $17.06 billion, an increase of 4.7 percent from $16.29 billion last year. Lunar New Year/Chinese New Year occurred on January 22, 10 days earlier this year. The shift positively impacted February’s Other International and Total Company sales by approximately 2% and 0.25%, respectively. For the twenty-six week period ended February 26, 2023, net sales were $116.06 billion, an increase of 7.1 percent from $108.39 billion last year.

Costco Wholesale (NASDAQ:COST) reported net sales of $17.06 billion in February, up 4.7% year-over-year Read Post »

Costco Wholesale(NASDAQ:COST) Q2 2023 net sales of $54.24 billion , up 6.5% year-over-year

March 2, 2023 – Costco Wholesale Corporation (Nasdaq: COST) today announced its operating results for the second quarter (twelve weeks) and the first 24 weeks of fiscal 2023, ended February 12, 2023. Costco Wholesale Corporation (Nasdaq: COST)  reported fiscal Q2 net income  of $3.30 per diluted share,Analysts polled by Capital IQ forecast $3.23. Revenue for the quarter ended Feb. 12 was $55.27 billion, Analysts surveyed by Capital IQ projected $54.68 billion. Net income for the quarter was $1,466 million, $3.30 per diluted share. Last year’s second quarter net income was $1,299 million, $2.92 per diluted share. Net income for the first 24 weeks was $2.83 billion, or $6.37 per diluted share, compared to $2.62 billion, $5.90 per diluted share, last year. Net sales for the quarter increased 6.5% percent, to $54.24 billion, from $50.94 billion last year. Net sales for the first 24 weeks increased 7.3% percent, to $107.68 billion,

Costco Wholesale(NASDAQ:COST) Q2 2023 net sales of $54.24 billion , up 6.5% year-over-year Read Post »

C3.ai (NYSE:AI) Q3 2023 total revenue of $66.7 million,down 4% year-over-year

March 2, 2023 –C3.ai (NYSE:AI)  the Enterprise AI application software company, today announced financial results for its fiscal third quarter ended January 31, 2023. C3.ai (NYSE:AI) reported a fiscal Q3 non-GAAP net loss of $0.06 per diluted share, Analysts polled by Capital IQ expected a loss of $0.22 per share. Revenue for the quarter ended Jan. 31 fell to $66.7 million,Analysts’ estimate was $64.3 million. For fiscal Q4, the company projects revenue at $70 million to $72 million. The consensus is for $69.9 million. For fiscal 2023, C3.ai now expects revenue of $264 million to $266 million. In December, the company said it expected revenue between $255 million and $270 million. Analysts are looking for $261.3 million. “As we enter Q4 FY 23, we are seeing tailwinds from improved business optimism and increased interest in applying C3 AI solutions to address an increasing range of applications across a broad range of

C3.ai (NYSE:AI) Q3 2023 total revenue of $66.7 million,down 4% year-over-year Read Post »

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