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Broadcom Limited Q1 adjusted earnings Beat Estimates

Broadcom Limited (AVGO) reported a profit for first quarter that declined from the same period last year.

The company's bottom line came in at $0.47 billion, or $1.12 per share. This compares with $6.23 billion, or $14.62 per share, in last year's first quarter.

Excluding items, Broadcom Limited reported adjusted earnings of $2.45 billion or $5.55 per share for the period.

Analysts had expected the company to earn $5.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.6% to $5.79 billion from $5.33 billion last year.

Broadcom Limited earnings at a glance:

-Earnings (Q1): $2.45 Bln. vs. $2.35 Bln. last year.
-EPS (Q1): $5.55 vs. $5.12 last year.
-Analysts Estimate: $5.23
-Revenue (Q1): $5.79 Bln vs. $5.33 Bln last year.

Full year revenue guidance: $24.500 Bln

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