Broadcom (NASDAQ:AVGO) Fiscal Q3 Non-GAAP EPS, Revenue Advance; Sets Q4 Outlook

Broadcom (NASDAQ:AVGO)   reported fiscal Q3 non-GAAP earnings per diluted share of $10.54, up from $9.73 a year ago.

Analysts surveyed by Capital IQ expected a normalized EPS of $10.43.

Revenue for the quarter ended July 30 was $8.88 billion, up from $8.46 billion last year.

Analysts polled by Capital IQ expected $8.86 billion.

Broadcom repurchased and eliminated 2.9 million shares for $2.17 billion.

For fiscal Q4, the company expects $9.27 billion in revenue, an increase of 4% from last year, and adjusted EBITDA of about 65% of the projected revenue. Analysts expected $9.29 billion in revenue.

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