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Broadcom Soars 3.28% on Cash Management Plan

Mover TrackerThursday, May 1, 2025 4:10 am ET

1min read

On May 1, 2025, Broadcom's stock rose by 3.28% in pre-market trading, reflecting a positive market sentiment towards the company's recent developments and financial performance.

Broadcom's first-quarter 2025 financial report showed a 1.56% year-over-year decrease in total revenue to 1.65 billion yuan, while net income attributable to shareholders increased by 1256.10% to 1649.28 million yuan. The company's cash flow from operating activities was 1.02 billion yuan, a significant improvement from the previous year's 126.48 million yuan. The company's basic earnings per share for the period was 0.11 yuan, with a return on average net assets of 0.96%.

Broadcom's strategic move to use idle funds for cash management, as announced on April 30, 2025, aims to enhance resource utilization and increase shareholder returns. The company plans to invest up to 30,000 million yuan in low-risk financial products with maturities not exceeding 12 months, ensuring liquidity and safety while controlling risks. This initiative is expected to boost the company's financial efficiency and returns without impacting its normal operations.

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