Avago Tech (AVGO) Tops Q4 EPS by 33c, Offers Guidance

December 3, 2014 4:07 PM

Avago Tech (NASDAQ: AVGO) reported Q4 EPS of $1.99, $0.33 better than the analyst estimate of $1.66. Revenue for the quarter came in at $1.61 billion versus the consensus estimate of $1.55 billion.

First Quarter Fiscal Year 2015 Business Outlook

Based on current business trends and conditions, the outlook for continuing operations for the first quarter of fiscal year 2015, ending February 1, 2015, is expected to be as follows:

GAAPReconciling ItemsNon-GAAP
Sequential Change in Net RevenueFlat to up 4%$21MFlat to up 4%
Gross Margin48% plus/minus 1%$146M57.5% plus/minus 1%
Operating Expenses$432M$131M$301M
Interest and Other$56M $56M
Taxes$34M$4M$38M
Diluted Share Count276M7M283M

Reconciling items include:

Capital expenditures for full fiscal year 2015 are expected to be approximately $600 million, of which approximately $200 million is expected to occur in the first quarter. For the first quarter depreciation is expected to be $52 million and amortization is expected to be $172 million.

For earnings history and earnings-related data on Avago Tech (AVGO) click here.

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