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Broadcom Limited Q2 adjusted earnings Beat Estimates

Broadcom Limited (AVGO) revealed earnings for second quarter that declined from the same period last year.

The company's profit came in at $691 million, or $1.64 per share. This compares with $3733 million, or $8.33 per share, in last year's second quarter.

Excluding items, Broadcom Limited reported adjusted earnings of $2.33 billion or $5.21 per share for the period.

Analysts had expected the company to earn $5.18 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.2% to $5.52 billion from $5.01 billion last year.

Broadcom Limited earnings at a glance:

-Earnings (Q2): $2.33 Bln. vs. $2.24 Bln. last year.
-EPS (Q2): $5.21 vs. $4.88 last year.
-Analysts Estimate: $5.18
-Revenue (Q2): $5.52 Bln vs. $5.01 Bln last year.

-Guidance:
Full year revenue guidance: $22.5 Bln

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