Broadcom Limited Q2 Profit Increases, beats estimates

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.

Next quarter revenue guidance: $8.4 Bln

For comments and feedback contact: editorial@rttnews.com

Follow RTT