Broadcom: Q2 2019-20 EPS in line with consensus

(CercleFinance.com) - On Thursday evening Broadcom announced Q2 2019-20 adjusted (non-GAAP) EPS of 5.
14 dollars, down 1% year-on-year and bang in line with the consensus.

Again on an adjusted basis, the San Jose, California-based semiconductor product supplier improved its EBITDA by 3% to 3.21 billion dollars, for sales that are up 4% at 5.74 billion dollars.

Based on current business conditions and trends, Broadcom expects Q3 adjusted EBITDA of 3.22 billion dollars (plus or minus 75 million dollars), with revenues of 5.75 billion dollars (plus or minus 150 million dollars).


Copyright (c) 2020 CercleFinance.com. All rights reserved.