Broadcom Reports A Strong Start To Fiscal 2015: Q1'15 Earnings Review

Excluding the baseband revenue (Broadcom exited this business in Q2 2014), Broadcom?s reportable segment revenue and operating profit grew 11% and 23% year-over-year, respectively. At $0.64, the company?s non-GAAP EPS in the quarter came in ahead of the first call consensus of $0.60, backed by higher revenues and Broadcom?s prudent fiscal management. Both revenue and EPS figures for Q1 2015 were ahead of analysts expectation, and the stronger than expected earnings led to a more than 5% increase...