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Broadcom Limited Q4 adjusted earnings Beat Estimates

Broadcom Limited (AVGO) revealed a profit for fourth quarter that dropped from last year.

The company's profit totaled $818 million, or $1.97 per share. This compares with $1115 million, or $2.64 per share, in last year's fourth quarter.

Excluding items, Broadcom Limited reported adjusted earnings of $2.39 billion or $5.39 per share for the period.

Analysts had expected the company to earn $5.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.1% to $5.78 billion from $5.45 billion last year.

Broadcom Limited earnings at a glance:

-Earnings (Q4): $2.39 Bln. vs. $2.55 Bln. last year.
-EPS (Q4): $5.39 vs. $5.85 last year.
-Analysts Estimate: $5.35
-Revenue (Q4): $5.78 Bln vs. $5.45 Bln last year.

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