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