Broadcom (AVGO) Tops Q1 EPS by 32c, Maintains FY Revenue Outlook

March 14, 2019 4:17 PM

Broadcom (NASDAQ: AVGO) reported Q1 EPS of $5.55, $0.32 better than the analyst estimate of $5.23. Revenue for the quarter came in at $5.79 billion versus the consensus estimate of $5.82 billion.

Fiscal Year 2019 Business Outlook

Based on current business trends and conditions, the outlook for continuing operations for fiscal year 2019, ending November 3, 2019, including contributions from CA, is expected to be as follows:

GAAP

Reconciling Items

Non-GAAP

Net revenue

$24,500M

-

$24,500M

Operating margin

17.6%

$8,180M

51.0%

Net interest expense and other

$1,250M

-

$1,250M

Provision for income taxes

3%

8%

11%

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

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