Broadcom Inc. Reports Climb In Q2 Profit

(RTTNews) - Broadcom Inc. (AVGO) reported earnings for its second quarter that Increases, from last year

The company's bottom line totaled $9.31 billion, or $1.91 per share. This compares with $4.96 billion, or $1.03 per share, last year.

Excluding items, Broadcom Inc. reported adjusted earnings of $12.07 billion or $2.44 per share for the period.

The company's revenue for the period rose 47.8% to $22.18 billion from $15.01 billion last year.

Broadcom Inc. earnings at a glance (GAAP) :

-Earnings: $9.31 Bln. vs. $4.96 Bln. last year. -EPS: $1.91 vs. $1.03 last year. -Revenue: $22.18 Bln vs. $15.01 Bln last year.

-Guidance: Next quarter revenue guidance: $ 29.4 M