BRCM Broadcom reports Q2 (Jun) results, revs in-line; guides Q3 revs above consensus

 

BRCM Broadcom reports Q2 (Jun) results, revs in-line; guides Q3 revs above consensus

 

Reports Q2 (Jun) GAAP earnings of $0.52 per share, not comparable to the Thomson Reuters pro forma consensus of $0.62; revenues rose 54.3% year/year to $1.61 bln vs the $1.59 bln consensus. Co issues upside guidance for Q3, sees Q3 revs of $1.7-1.8 bln vs. $1.67 bln Thomson Reuters consensus; Q3 product gross margin is expected to be "flat from Q2."

 

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