Broadcom quarterly results top expectations

Thursday 2 March 2017 | 09:18 CET | News
Broadcom reported revenues for its fiscal frist quarter to January of USD 4.139 billion, slightly higher than the USD 4.136 billion in the previous quarter and an increase of 134 percent from a year earlier following its merger with Avago. The revenues were at the high end of the company's forecast. The gross margin was also better than expected, at 48.3 percent compared to 52.5 in Q3. Operating costs fell compared to the previous quarter, helping the operating profit rise to USD 506 million from USD 381 million. Net income, which includes the impact of discontinued operations, totaled USD

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Categories: General
Companies: Broadcom
Countries: World
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