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.

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