Broadcom Sets 10-for-1 Stock Split and Posts Strong Earnings. The Stock Is Rising.

Broadcom shares were trading sharply higher late Wednesday on better-than-expected financial results. The semiconductor and software company also declared a 10-for-1 stock split. For the quarter ended May 5, Broadcom posted revenue of $12.49 billion, up 43% from a year ago and well ahead of the Wall Street consensus of $12.1 billion, as tracked by FactSet.