Broadcom Corp (BRCM) Tops Q1 EPS by 5c

Broadcom Corp (NASDAQ: BRCM) reported Q1 EPS of $0.51, $0.05 better than the analyst estimate of $0.46. Revenue for the quarter came in at $1.98 billion versus the consensus estimate of $1.96 billion.

"Broadcom delivered overall results ahead of expectations in the March quarter," said Scott McGregor, Broadcom's President and Chief Executive Officer. "The upside was driven by strength in Broadband and Infrastructure, stronger-than-expected gross margins and continued operating expense discipline. In the current quarter, we expect momentum in Infrastructure and Broadband to continue, driven by service provider spending on network build outs and technology upgrades."

For earnings history and earnings-related data on Broadcom Corp (BRCM) click here.

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