Broadcom (AVGO) Tops Q2 EPS by 12c, Offers Q3 Guidance
Broadcom (NASDAQ: AVGO) reported Q2 EPS of $4.88, $0.12 better than the analyst estimate of $4.76. Revenue for the quarter came in at $5.01 billion versus the consensus estimate of $5 billion.
GUIDANCE:
Broadcom sees Q3 2018 revenue of $5.047 billion, versus the consensus of $5.06 billion.
Based on current business trends and conditions, the outlook for continuing operations for the third quarter of fiscal year 2018, ending August 5, 2018, is expected to be as follows:
| GAAP | Reconciling Items | Non-GAAP | |||||
| Net revenue | $5,047M +/-$75M | $3M | $5,050M +/-$75M | ||||
| Gross margin | 50.75% +/-1% | $795M | 66.5% +/-1% | ||||
| Operating expenses | $1,272M | $390M | $882M | ||||
| Interest expense and other | $115M | - | $115M | ||||
| Provision for income taxes | $39M | $126M | $165M | ||||
| Diluted share count | 444M | 13M | 457M | ||||
For earnings history and earnings-related data on Broadcom (AVGO) click here.