Broadcom Ltd. (AVGO) Tops Q2 EPS by 19c, Offers Q3 Guidance
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:
|Net revenue||$4,445M +/- $75M||$5M||$4,450M +/- $75M|
|Gross margin||48.0% +/- 1%||$680M||63.0% +/- 1%|
|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.