Broadcom Ltd. (AVGO) Tops Q1 EPS by 17c
Broadcom Ltd. (NASDAQ: AVGO) reported Q1 EPS of $3.63, $0.17 better than the analyst estimate of $3.46. Revenue for the quarter came in at $4.14 billion versus the consensus estimate of $4.08 billion.
Broadcom sees Q2 revenue of $4.025-$4.175 billion, versus the consensus of $3.9 billion.
“We had a very good start to our fiscal year 2017 delivering first quarter revenue and gross margin at the top end of guidance,” said Hock Tan, President and CEO of Broadcom Limited. “We expect healthy demand for our products to continue and we are guiding second fiscal quarter revenue to grow organically by 15% on a year over year basis.”
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