Broadcom Ltd. (AVGO) Tops Q3 EPS by 7c

August 24, 2017 4:07 PM

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


Earnings Guidance

Next Articles