BellWeather News: Broadcom reports lower OPEX and CAPEX in strong seasonal biz following domicile completion
nasdaq.com
Broadcom Inc. Announces Second Quarter Fiscal Year 2018 Financial Results and Quarterly Dividend
By GlobeNewswire, June 07, 2018, 04:02:00 PM EDT
- $1.5 billion in aggregate repurchases of 6.4 million shares in the six weeks ended June 1, 2018
- Free cash flow of $2,124 million or 42 percent of net revenue
- Quarterly GAAP gross margin of 50.9 percent;
- Quarterly non-GAAP gross margin from continuing operations of 66.6 percent
- Quarterly dividend of $1.75 per share
SAN JOSE, Calif., June 07, 2018 (GLOBE NEWSWIRE) -- Broadcom Inc. (Nasdaq: AVGO), a leading semiconductor device supplier to the wired, wireless, enterprise storage, and industrial end markets, today reported financial results for its second quarter of fiscal year 2018, ended May 6, 2018, provided guidance for the third quarter of its fiscal year 2018, and announced a quarterly dividend....
...
Operating expenses were $1,350 million. This compares with $1,685 million in the prior quarter and $1,502 million for the same quarter last year
...
During the second quarter, the Company generated $2,313 million in cash from operations and spent $347 million in repurchasing an aggregate of 1.5 million shares and $189 million on capital expenditures...
Capital expenditures for the third fiscal quarter are expected to be approximately $125 million...
...
Financial Results Conference Call
Broadcom Inc. will host a conference call to review its financial results for the second quarter of fiscal year 2018, ended May 6, 2018, and to provide guidance for the third quarter of fiscal year 2018, today at 2:00 p.m. Pacific Time. Those wishing to access the call should dial (866) 310-8712; International +1 (720) 634-2946. The passcode is 9191566. A replay of the call will be accessible for one week after the call. To access the replay dial (855) 859-2056; International +1 (404) 537-3406; and reference the passcode: 9191566. A webcast of the conference call will also be available in the "Investors" section of Broadcom's website at www.broadcom.com.
...
(more) |
