Broadcom: Q2 EPS up 29%

(CercleFinance.com) - On Thursday evening Broadcom reported Q2 2020-21 adjusted (non-GAAP) EPS of 6.
62 dollars, up nearly 29% y-o-y, slightly beating the consensus.

Also on an adjusted basis, the California-based semiconductor supplier's EBITDA increased by 23% to 3.96 billion dollars, on revenue that is up 15% to 6.61 billion dollars.

For the current quarter, Broadcom expects adjusted EBITDA to be around 60% of estimated revenue of around 6.75 billion dollars, with its forecasts being just an estimate of what the group believes is achievable at this time.


Copyright (c) 2021 CercleFinance.com. All rights reserved.