Broadcom: returns to profit in Q3.
(CercleFinance.com) - Broadcom has announced Q3 EPS of 1.
14 dollar on Thursday, against a loss of 75 cents per share a year earlier.
In adjusted (non-GAAP) terms, EPS reached 4.10 dollars, beating the consensus by seven cents.
Again on an adjusted basis, the semiconductor supplier improved its gross margin by nearly three percentage points to 63.3%, with sales that were up 17% at 4.47 billion dollars.
Over the last three months of the year, Broadcom targets a gross margin of approximately 63%, plus or minus one point, with revenue of approximately 4.8 billion dollars, plus or minus 75 million dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
14 dollar on Thursday, against a loss of 75 cents per share a year earlier.
In adjusted (non-GAAP) terms, EPS reached 4.10 dollars, beating the consensus by seven cents.
Again on an adjusted basis, the semiconductor supplier improved its gross margin by nearly three percentage points to 63.3%, with sales that were up 17% at 4.47 billion dollars.
Over the last three months of the year, Broadcom targets a gross margin of approximately 63%, plus or minus one point, with revenue of approximately 4.8 billion dollars, plus or minus 75 million dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.