Broadcom Limited Q3 adjusted earnings Beat Estimates

Broadcom Limited (AVGO) announced earnings for third quarter that declined from last year.

The company's earnings came in at $715 million, or $1.71 per share. This compares with $1196 million, or $2.71 per share, in last year's third quarter.

Excluding items, Broadcom Limited reported adjusted earnings of $2.28 billion or $5.16 per share for the period.

Analysts had expected the company to earn $5.13 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.1% to $5.52 billion from $5.06 billion last year.

Broadcom Limited earnings at a glance:

-Earnings (Q3): $2.28 Bln. vs. $2.26 Bln. last year.
-EPS (Q3): $5.16 vs. $4.98 last year.
-Analysts Estimate: $5.13
-Revenue (Q3): $5.52 Bln vs. $5.06 Bln last year.

Full year revenue guidance: $22.50 Bln

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