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General

Broadcom Q1 results better than expected

Wednesday 22 April 2015 | 08:50 CET | News
Broadcom reported first-quarter revenues of USD 2.06 billion, up 3.7 percent from a year earlier and 4.0 percent lower compared to the fourth quarter. Net profit rose to USD 209 million or 34 cents a share, from USD 165 million or 28 cents a share a year earlier. The result included impairment charges on assets of USD 143 million, compared to USD 25 million a year ago, as well as a one-time gain on asset sales of USD 52 million in Q1 2014. Adjusted EPS totaled USD 0.64, nearly double the USD 0.33 in the year-earlier period. CEO Scott McGregor said the figures were better than expected thanks

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Categories: General
Companies: Broadcom
Countries: World
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