Broadcom Ltd. (AVGO) Tops Q3 EPS by 7c
Get Alerts AVGO Hot Sheet
Join SI Premium – FREE
Broadcom Ltd. (NASDAQ: AVGO) reported Q3 EPS of $4.10, $0.07 better than the analyst estimate of $4.03. Revenue for the quarter came in at $4.46 billion versus the consensus estimate of $4.46 billion.
Fourth Quarter Fiscal Year 2017 Business Outlook
Based on current business trends and conditions, the outlook for continuing operations for the fourth quarter of fiscal year 2017, ending October 29, 2017, is expected to be as follows:
GAAP | Reconciling Items | Non-GAAP | ||||
Net revenue | $4,796M +/-$75M | $ 4M | $4,800M +/-$75M | |||
Gross margin | 48.75% +/-1% | $ 687M | 63.0% +/-1% | |||
Operating expenses | $1,490M | $710M | $780M | |||
Interest expense and other | $100M | - | $100M | |||
Provision for income taxes | $92M | $4M | $96M | |||
Diluted share count | 425M | 32M | 457M |
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gold Royalty Corp. (GROY) Tops Q4 EPS by 2c ; Offers Guidance
- Carnival Corp. (CCL) tops Q1 expectations as booking volumes 'hit an all-time high'
- nCino (NCNO) soars 14% on Q4 report, analyst says buying behavior is normalizing
Create E-mail Alert Related Categories
Earnings, GuidanceSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!