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Broadcom Limited Q1 adjusted earnings Beat Estimates

Broadcom Limited (AVGO) revealed earnings for its first quarter that rose from the same period last year.

The company's bottom line came in at $1.30 billion, or $3.05 per share. This compares with $0.31 billion, or $0.74 per share, in last year's first quarter.

Excluding items, Broadcom Limited reported adjusted earnings of $2.97 billion or $6.61 per share for the period.

Analysts had expected the company to earn $6.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.7% to $6.66 billion from $5.86 billion last year.

Broadcom Limited earnings at a glance:

-Earnings (Q1): $2.97 Bln. vs. $2.37 Bln. last year.
-EPS (Q1): $6.61 vs. $5.25 last year.
-Analysts Estimate: $6.55
-Revenue (Q1): $6.66 Bln vs. $5.86 Bln last year.

-Guidance:
Next quarter revenue guidance: $6.5 Bln

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