Broadcom Ltd. (AVGO) Tops Q3 EPS by 12c, Offers Outlook

September 1, 2016 4:05 PM EDT
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Broadcom Ltd. (NASDAQ: AVGO) reported Q3 EPS of $2.89, $0.12 better than the analyst estimate of $2.77. Revenue for the quarter came in at $3.8 billion versus the consensus estimate of $3.76 billion.

GUIDANCE:

Fourth Quarter Fiscal Year 2016 Business Outlook

Based on current business trends and conditions, the outlook for continuing operations for the fourth quarter of fiscal year 2016, ending October 30, 2016, is expected to be as follows:

GAAP Reconciling Items Non-GAAP
Net revenue $4,090M +/- $75M $10M $4,100M +/- $75M
Gross margin 52.25% +/- 1% $341M 60.50% +/- 1%
Operating expenses $1,450M $642M $808M
Interest expense and other $153M $49M $104M
Provision for (benefit from) income taxes ($295)M ($366)M $71M
Diluted share count 434M 14M 448M

(Street sees Q4 revenue of $4.06 billion)

For earnings history and earnings-related data on Broadcom Ltd. (AVGO) click here.



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