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