Broadcom: beats consensus in fourth-quarter
(CercleFinance.com) - On Thursday evening Broadcom announced Q4 2018 (non-GAAP) adjusted EPS of 5.
85 dollars, up 27% year-on-year, 32 cents above the consensus.
Again in adjusted terms, the supplier of semiconductor products - which has been domiciled in the US since last April - improved its gross margin by 4.7 points to 53.9%, for revenues that are up 12% to over 5.4 billion dollars.
"Free cash flow from operations grew 50% in fiscal year 2018 to . As a result, we are raising our target dividend by 51 percent to per share per quarter for fiscal year 2019," said Tom Krause, the company's CFO.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
85 dollars, up 27% year-on-year, 32 cents above the consensus.
Again in adjusted terms, the supplier of semiconductor products - which has been domiciled in the US since last April - improved its gross margin by 4.7 points to 53.9%, for revenues that are up 12% to over 5.4 billion dollars.
"Free cash flow from operations grew 50% in fiscal year 2018 to . As a result, we are raising our target dividend by 51 percent to per share per quarter for fiscal year 2019," said Tom Krause, the company's CFO.
Copyright (c) 2018 CercleFinance.com. All rights reserved.