Broadcom Stock Jumps As Fiscal Q4 Tops Expectations Revenue Forecast Higher Sets New 10B Buyback Plan
The company also announced its board of directors authorized a new $10 billion share repurchase program running through December of 2022, and said in 2022 will will boost its quarterly dividend payout by 14%. The report sent Broadcom shares over 5% in late trading. CEO Hock Tan remarked, “Broadcom concluded the year with record fourth quarter results driven by a rebound in enterprise, and continued strength from cloud and service provider demand....