Broadcom shares up after Q4 earnings beat

More from: | ZDNET |

Broadcom on Thursday published its fourth quarter 2018 financial results, beating market estimates and raising its target dividend. Shares were up in after-hours trading.

The semiconductor device supplier posted non-GAAP earnings of $5.85, up 27 percent year-over-year. Revenue came to $5.44 billion, up 12 percent from the prior year.

Wall Street was looking for non-GAAP earnings of $5.58 on revenue of $5.39 billion.

For the full 2018 fiscal year, Broadcom’s non-GAAP EPS was $20.82, up 30 percent from the prior year. Revenue in FY 2018 was $20.85 billion, up 18 percent year-over-year.

The fiscal year ended November 4, 2018, a day before Broadcom completed its acquisition of CA Technologies. The financial results published Thursday do not include any contribution


Read full article »

About | ZDNET |

ZDNet brings together the reach of global and the depth of local, delivering 24/7 news coverage and analysis on the trends, technologies and opportunities that matter to IT professionals and decision makers.

Whatever your role in the IT buying cycle, ZDNet provides support -- from investigating options to optimizing a solution. Whether you want to follow hot topics or emerging trends, or keep up to date with the latest news and events, ZDNet is the destination for professionals seeking to research technology-related issues, and solve business technology problems.

»Twitter: @zdnet »Facebook: @ZDNet