Plus   Neg

Broadcom Limited Q1 adjusted earnings Miss Estimates

Broadcom Limited (AVGO) announced a profit for first quarter that fell from last year.

The company's earnings came in at $311 million, or $0.74 per share. This compares with $471 million, or $1.12 per share, in last year's first quarter.

Excluding items, Broadcom Limited reported adjusted earnings of $2.37 billion or $5.25 per share for the period.

Analysts had expected the company to earn $5.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.2% to $5.86 billion from $5.79 billion last year.

Broadcom Limited earnings at a glance:

-Earnings (Q1): $2.37 Bln. vs. $2.45 Bln. last year.
-EPS (Q1): $5.25 vs. $5.55 last year.
-Analysts Estimate: $5.33
-Revenue (Q1): $5.86 Bln vs. $5.79 Bln last year.

Next quarter revenue guidance: $5.55 - 5.85 Bln

For comments and feedback contact: editorial@rttnews.com

Follow RTT