Broadcom shares up after Q4 earnings beat

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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

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