SINGAPUR (dpa-AFX) - Broadcom Limited (AVGO) released earnings for its third quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $3.07 billion, or $7.15 per share. This compares with $1.88 billion, or $4.20 per share, in last year's third quarter.
Excluding items, Broadcom Limited reported adjusted earnings of $4.24 billion or $9.73 per share for the period.
Analysts on average had expected the company to earn $9.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 24.8% to $8.46 billion from $6.78 billion last year.
Broadcom Limited earnings at a glance (GAAP) :
-Earnings (Q3): $3.07 Bln. vs. $1.88 Bln. last year. -EPS (Q3): $7.15 vs. $4.20 last year. -Analyst Estimate: $9.56 -Revenue (Q3): $8.46 Bln vs. $6.78 Bln last year.
-Guidance: Next quarter revenue guidance: about $8.9 bln
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