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Broadcom's Earnings Beat, Guidance Overshadow Revenue Miss: 5 Key Takeaways

Eric Jhonsa

After the bell on Thursday, Broadcom reported January quarter (fiscal first quarter) revenue of $5.789 billion and non-GAAP EPS of $5.55. Revenue was up 8.7% annually thanks to the November closing of Broadcom's $18.9 billion deal to buy enterprise software firm CA Technologies, but missed a consensus estimate of $5.815 billion. Broadcom shares rose in after-hours trading Thursday and were up 5% in pre-market trading on Friday.