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General

Broadcom narrows guidance for Q1, gives first forecast for Q2

Wednesday 31 January 2018 | 17:32 CET | News
Broadcom said it has narrowed its revenue range for its fiscal first quarter to end 4 February and provided a first guidance for its fiscal second quarter. The company now sees revenues for Q1 at USD 5.3-5.35 billion, from its previous forecast of USD 5.296 billion, give or take USD 75 million. Broadcom also gave a forecast for adjusted diluted earnings per share, which it sees at USD 5.10. Adjusted revenues are expected at USD 5 billion, plus or minus USD 75 million. CEO Hock Tan said the results are tracking towards the higher end of expectations as the company continues to execute on its

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Categories: General
Companies: Broadcom / Qualcomm
Countries: World
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