Broadcom Ltd. (AVGO) Tops Q2 EPS by 19c, Offers Q3 Guidance

June 1, 2017 4:03 PM

Broadcom Ltd. (NASDAQ: AVGO) reported Q2 EPS of $3.69, $0.19 better than the analyst estimate of $3.50. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $4.11 billion.

Third Quarter Fiscal Year 2017 Business Outlook

Based on current business trends and conditions, the outlook for continuing operations for the third quarter of fiscal year 2017, ending July 30, 2017, is expected to be as follows:

GAAP Reconciling Items Non-GAAP
Net revenue $4,445M +/- $75M $5M $4,450M +/- $75M
Gross margin 48.0% +/- 1% $680M 63.0% +/- 1%
Operating expenses $1,497M $710M $787M
Interest expense and other $100M $100M
Provision for income taxes $78M $8M $86M
Diluted share count 444M 12M 456M

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

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