India, March 6 -- Broadcom Inc. (AVGO) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $5.503 billion, or $1.14 per share. This compares with $1.325 billion, or $0.28 per share, last year.
Excluding items, Broadcom Inc. reported adjusted earnings of $7.823 billion or $1.60 per share for the period.
Analysts on average had expected the company to earn $1.51 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 24.7% to $14.916 billion from $11.961 billion last year.
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Broadcom Inc. earnings at a gl...