Seeking Alpha

Avago Technologies beats by $0.21, misses on revenue

  • Avago Technologies (NASDAQ:AVGO): FQ3 EPS of $1.26 beats by $0.21.
  • Revenue of $1.39B beats by $40M.
  • Shares +2.17% AH.
  • Press Release
From other sites
Comments (3)
  • Philip Marlowe
    , contributor
    Comments (1289) | Send Message
     
    They did not miss on revenues. The revenue number was not comparable with the analyst estimates because they bought/sold a couple of businesses during the quarter. Overall this is a very good result.
    28 Aug 2014, 04:06 PM Reply Like
  • Philip Marlowe
    , contributor
    Comments (1289) | Send Message
     
    For those of you that do not like reading press releases, here is the relevant text:

     

    "Therefore the financial results from the flash and Axxia businesses ... have been classified as discontinued operations in the Company's financial statements and the results of operations from these businesses are not included in the results presented below, unless otherwise indicated."

     

    Thus, the headline number does not include the businesses that are being sold. Analyst estimates did include that number. That is why the revenues looked like a beat.

     

    Revenue including these businesses would have been 1.394 billion which is well ahead of analyst estimates.
    28 Aug 2014, 04:12 PM Reply Like
  • sonki
    , contributor
    Comment (1) | Send Message
     
    forward guides higher..http://on.barrons.com/...
    28 Aug 2014, 04:42 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs