Broadcom Limited (AVGO) reported earnings for its second quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $2.52 billion, or $5.93 per share. This compares with $1.42 billion, or $3.30 per share, in last year's second quarter.
Excluding items, Broadcom Limited reported adjusted earnings of $4.00 billion or $9.07 per share for the period.
Analysts on average had expected the company to earn $8.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 22.5% to $8.10 billion from $6.61 billion last year.
Broadcom Limited earnings at a glance (GAAP) :
-Earnings (Q2): $2.52 Bln. vs. $1.42 Bln. last year.
-EPS (Q2): $5.93 vs. $3.30 last year.
-Analyst Estimate: $8.70
-Revenue (Q2): $8.10 Bln vs. $6.61 Bln last year.
-Guidance:
Next quarter revenue guidance: $8.4 Bln
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