Broadcom (AVGO) Tops Q1 EPS by 32c, Maintains FY Revenue Outlook
Tweet
Share
E-mail
Get Alerts AVGO Hot Sheet
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Delta Air Lines (DAL) Tops Q2 EPS by 3c, Beats on Revenue; Offers Guidance
- Simply Good Foods (SMPL) Tops Q3 EPS by 7c; offers outlook
- Popular stocks with increasing option volume: AVGO INTC MU SPCX BABA PLTR SOFI MSTR NFLX ORCL
Create E-mail Alert Related Categories
Earnings, Guidance, Hot EarningsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
