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Broadcom Gains on Solid Results and Guidance: 5 Key Takeaways

Eric Jhonsa

After the bell on Thursday, Broadcom reported October quarter (fiscal fourth quarter) revenue of $5.45 billion (up 12% annually) and non-GAAP EPS of $5.85 (up 28%), topping consensus analyst estimates of $5.4 billion and $5.58. Broadcom also disclosed that it's switching from providing quarterly revenue guidance to annual guidance. For fiscal 2019 (it ends in Oct. 2019), Broadcom expects revenue of $24.5 billion.