Avago Q1 EPS Beats Estimates

It was a solid beat on profits for Avago Technologies , which has reported its fiscal Q1 2013 results. For the period, the Singapore-based tech component maker's net revenue inched up by 2% on a year-over-year basis to $576 million. Net income was $163 million ($0.65 per diluted share), a 4% gain over Q1 2012's figure of $156 million ($0.62).

On average, analysts tracking the company expected $576 million in the top line and EPS of $0.55.

Avago also provided guidance for its current quarter. The company believes its net revenue will be 2%-5% down from that of Q1, gross margin will come in at 49.75%-51.75%, and operating expenses will total roughly $130 million. It did not provide an estimate for net profit.

The article Avago Q1 EPS Beats Estimates originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Avago Technologies. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Behavioral Finance

Why do investors make the decisions that they do?

View Course »

What Is Your Risk Tolerance?

Answer the question "What type of investor am I?".

View Course »

Add a Comment

*0 / 3000 Character Maximum