Broadcom: Q1 EPS up 26%
(CercleFinance.com) - On Thursday evening Broadcom unveiled an adjusted EPS (non-GAAP) of 6.
61 dollars for Q1 2020-21, up nearly 26% year-on-year and slightly above the consensus.
Also in adjusted data, the California-based supplier of semiconductor products improved its EBITDA by nearly 21% to 3.94 billion dollars, for sales that are up 14% to 6.65 billion dollars.
For the current quarter, Broadcom expects adjusted EBITDA to be approximately 59% of estimated revenues of approximately 6.5 billion dollars, with the forecast being only an estimate of what the company believes is achievable at this time.
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61 dollars for Q1 2020-21, up nearly 26% year-on-year and slightly above the consensus.
Also in adjusted data, the California-based supplier of semiconductor products improved its EBITDA by nearly 21% to 3.94 billion dollars, for sales that are up 14% to 6.65 billion dollars.
For the current quarter, Broadcom expects adjusted EBITDA to be approximately 59% of estimated revenues of approximately 6.5 billion dollars, with the forecast being only an estimate of what the company believes is achievable at this time.
Copyright (c) 2021 CercleFinance.com. All rights reserved.