ET We remain focused on investing in our diverse set of mission critical semiconductor and software franchises, while carefully managing our expenses in this uncertain environment. This non-GAAP information excludes amortization of acquisition-related intangible assets, stock-based compensation expense, restructuring, impairment and disposal charges, acquisition-related costs, including integration costs, purchase accounting effect on inventory, litigation settlements, loss on debt extinguishment, gain from lapse of indemnification, gains (losses) on investments, income (loss) from discontinued operations and non-GAAP tax reconciling adjustments. Accordingly, you should not place undue reliance on such statements.The Company's financial results include contributions from the Symantec enterprise security business' continuing operations starting in the first quarter of fiscal year 2020. The semiconductor company reported weaker-than expected earnings and revenues for the first quarter of 2020. He previously reported for trade publications in covering the drug and medical-device industries back to 1998. 14 July 2020: Half Year Results Announcement: mylink: 15 September 2020: Q3 Trading Statement: mylink: 10 December 2020: Q4 Trading Statement: mylink: Date Event; 06 May 2020: Annual General Meeting: 19 March 2020: Q1 Trading Statement: 11 February 2020: FY19 Preliminary Results Announcement: 12 December 2019: Q4 Trading Statement: 17 September 2019 : Q3 Trading … "The guidance provided above is only an estimate of what the Company believes is realizable as of the date of this release. Free cash flow measures have limitations as they omit certain components of the overall cash flow statement and do not represent the residual cash flow available for discretionary expenditures. Investors should not consider presentation of free cash flow measures as implying that stockholders have any right to such cash. Broadcom is set to report second quarter fiscal 2020 earnings results after the closing bell Thursday. Many of the foregoing risks and uncertainties are, and will be, exacerbated by the COVID-19 pandemic and any worsening of the global business and economic environment as a result. Broadcom believes this non-GAAP financial information provides additional insight into the Company's on-going performance.
The coronavirus crisis had a heavy impact on the shares of Broadcom Inc. (NASDAQ: AVGO), which plunged to a three-year low this week. “Looking ahead, our third-quarter guidance for semiconductors reflects a surge in demand from cloud, telecom and enterprise customers, offset by supply-chain constraints and an expected substantial reset in wireless.”Broadcom Inc. shares fluctuated between slight gains and losses in the extended session Thursday after the semiconductor and software company’s quarterly results were in line with Wall Street estimates and its outlook range bookended the analyst consensus.The U.S. counted more than 1,400 deaths from the coronavirus illness COVID-19 on Wednesday, boosting the total to more than 150,000, as Florida, California, North Carolina and Idaho all recorded record single-day totals, in the latest sign the pandemic is far from contained.Of the 31 analysts who cover Broadcom, 24 have buy or overweight ratings and seven have hold ratings, along with an average price target of $296.82, according to FactSet data.The company reported fiscal second-quarter net income of $488 million, or $1.17 a share, compared with $691 million, or $1.64 a share, in the year-ago period. Actual results will vary from the guidance and the variations may be material. Broadcom Inc. will host a conference call to review its financial results for the second quarter of fiscal year 2020, ended May 3, 2020, and to discuss the business outlook, today at 2:00 p.m. Pacific Time.
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broadcom results 2020