Broadcom Slightly Higher After Q2 Results
Chip-maker Broadcom (NASDAQ: BRCM) released its fiscal Q2 earnings results after the closing bell on Tuesday. The company reported non-GAAP net income of $435 million or $0.72 per share, compared to $420 million, or $0.72 per share, in the year ago period. This came in well ahead of analysts' consensus EPS estimates of $0.67.
Total revenue in the quarter weas $1.971 billion, a 9.7% increase from $1.796 billion last year. This also exceeded analysts' consensus revenue estimates of $1.95 billion.
For the third-quarter, Broadcom sees net revenue between $2.00 billion and $2.15 billion. Currently, analysts have consensus revenue estimates of $2.11 billion for Q3.
In the after hours trading session, Broadcom shares have climbed 2.6 percent to $31.57.
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