Broadcom Limited Q2 adjusted earnings Inline With Estimates

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

The company's earnings totaled $488 million, or $1.17 per share. This compares with $691 million, or $1.64 per share, in last year's second quarter.

Excluding items, Broadcom Limited reported adjusted earnings of $2.32 billion or $5.14 per share for the period.

Analysts had expected the company to earn $5.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.0% to $5.74 billion from $5.52 billion last year.

Broadcom Limited earnings at a glance:

-Earnings (Q2): $2.32 Bln. vs. $2.33 Bln. last year.
-EPS (Q2): $5.14 vs. $5.21 last year.
-Analysts Estimate: $5.14
-Revenue (Q2): $5.74 Bln vs. $5.52 Bln last year.

Next quarter revenue guidance: $5.60 - 5.90 Bln

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