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Broadcom Limited Q2 adjusted earnings Beat Estimates

Broadcom Limited (AVGO) released earnings for its second quarter that climbed from the same period last year.

The company's earnings totaled $3.72 billion, or $8.33 per share. This compares with $0.44 billion, or $1.05 per share, in last year's second quarter.

Excluding items, Broadcom Limited reported adjusted earnings of $2.24 billion or $4.88 per share for the period.

Analysts had expected the company to earn $4.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 19.6% to $5.01 billion from $4.19 billion last year.

Broadcom Limited earnings at a glance:

-Earnings (Q2): $2.24 Bln. vs. $1.67 Bln. last year.
-EPS (Q2): $4.88 vs. $3.69 last year.
-Analysts Estimate: $4.76
-Revenue (Q2): $5.01 Bln vs. $4.19 Bln last year.

Next quarter revenue guidance: 4975 - 5125 Mln

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