Broadcom Stock Gains After Strong Earnings, a Dividend Hike, and a Buyback Plan

Broadcom shares were ratcheting higher aft the spot and bundle institution posted better-than-expected results for its fiscal 4th quarter, provided beardown January-quarter guidance, raised its dividend and announced a caller stock-repurchase program.

For the 4th ended Oct. 31, Broadcom (ticker: AVGO) posted gross of $7.41 billion, up 15%, and somewhat up of the Wall Street expert statement forecast astatine $7.36 billion. Non-GAAP profits were $7.81 a share, edging statement of $7.74 a share. Under mostly accepted accounting...