Broadcom (AVGO) reported earnings Thur 2 June 2016 (a/h)

** charts before earnings **

 

** charts after earnings **

 

Broadcom beats by $0.15, reports revs in-line; guides Q3 revs in-line:

Reports Q2 (Apr) earnings of $2.53 per share, $0.15 better than the Capital IQ Consensus of $2.38; revenues rose 116.5% year/year to $3.56 bln vs the $3.55 bln Capital IQ Consensus.

• Gross margin from continuing operations was $2,138 million, or 60 percent of net revenue. This compares with gross margin of $1,089 million, or 61 percent of net revenue, in the prior quarter, and gross margin of $998 million, or 61 percent of net revenue, in the same quarter last year.
• Co issues in-line guidance for Q3, sees Q3 revs of $3.675-3.825 bln vs. $3.71 bln Capital IQ Consensus Estimate. Capital expenditures for the third fiscal quarter are expected to be approximately $230 million. For the third fiscal quarter, depreciation is expected to be $106 million and amortization is expected to be approximately $942 million. 
• The Company's Board of Directors has approved a quarterly, interim cash dividend of $0.50 per ordinary share ($0.49 previously).