(RTTNews) - Broadcom Inc. (AVGO) announced a profit for its first quarter that Increases, from the same period last year
The company's earnings totaled $7.34 billion, or $1.50 per share. This compares with $5.50 billion, or $1.14 per share, last year.
Excluding items, Broadcom Inc. reported adjusted earnings of $10.18 billion or $2.05 per share for the period.
The company's revenue for the period rose 29.5% to $19.31 billion from $14.91 billion last year.
Broadcom Inc. earnings at a glance (GAAP) :
-Earnings: $7.34 Bln. vs. $5.50 Bln. last year. -EPS: $1.50 vs. $1.14 last year. -Revenue: $19.31 Bln vs. $14.91 Bln last year.
-Guidance: Next quarter revenue guidance: $ 22.0 B
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