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Broadcom Limited Q4 adjusted earnings Beat Estimates

Broadcom Limited (AVGO) reported a profit for its fourth quarter that increased from last year.

The company's profit totaled $1.12 billion, or $2.64 per share. This compares with $0.56 billion, or $1.25 per share, in last year's fourth quarter.

Excluding items, Broadcom Limited reported adjusted earnings of $2.55 billion or $5.85 per share for the period.

Analysts had expected the company to earn $5.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.4% to $5.44 billion from $4.84 billion last year.

Broadcom Limited earnings at a glance:

-Earnings (Q4): $2.55 Bln. vs. $2.09 Bln. last year.
-EPS (Q4): $5.85 vs. $4.59 last year.
-Analysts Estimate: $5.58
-Revenue (Q4): $5.44 Bln vs. $4.84 Bln last year.

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