Avago Technologies (Nasdaq: AVGO ) reported earnings on Feb. 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 29 (Q1), Avago Technologies beat slightly on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share expanded.
Gross margin contracted, operating margin dropped, and net margin grew.
Revenue details
Avago Technologies logged revenue of $563.0 million. The 12 analysts polled by S&P Capital IQ predicted sales of $552.5 million on the same basis. GAAP reported sales were 2.4% higher than the prior-year quarter's $550.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Non-GAAP EPS came in at $0.62. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.58 per share on the same basis. GAAP EPS of $0.50 for Q1 were 4.2% higher than the prior-year quarter's $0.48 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 50.3%, 150 basis points worse than the prior-year quarter. Operating margin was 23.4%, 240 basis points worse than the prior-year quarter. Net margin was 22.2%, 60 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $575.5 million. On the bottom line, the average EPS estimate is $0.62.
Next year's average estimate for revenue is $2.40 billion. The average EPS estimate is $2.60.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 83 members out of 89 rating the stock outperform, and six members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Avago Technologies a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Avago Technologies is outperform, with an average price target of $38.13.
New mobile devices are changing the game -- and potential profitability -- at many semiconductor companies. Some will fail, some will tread water, and those with the right devices will shine. Where does Avago Technologies fit in? Who will lead going forward? Check out our latest report: "3 Hidden Winners of the iPhone, iPad, and Android Revolution." Click here for instant access to this free report.
- Add Avago Technologies to My Watchlist.
No comments:
Post a Comment