RTTNews | Dec 10, 2020 04:23PM EST

16:23 Thursday, December 10, 2020 (RTTNews.com) - Broadcom Limited (AVGO) reported a profit for its fourth quarter that rose from the same period last year.

The company's bottom line came in at $1.25 billion, or $2.93 per share. This compares with $0.82 billion, or $1.97 per share, in last year's fourth quarter.

Excluding items, Broadcom Limited reported adjusted earnings of $2.87 billion or $6.35 per share for the period.

Analysts had expected the company to earn $6.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.9% to $6.47 billion from $5.78 billion last year.

Broadcom Limited earnings at a glance:

-Earnings (Q4): $2.87 Bln. vs. $2.39 Bln. last year.-EPS (Q4): $6.35 vs. $5.39 last year.-Analysts Estimate: $6.25-Revenue (Q4): $6.47 Bln vs. $5.78 Bln last year.

-Guidance:Next quarter revenue guidance: $6.6 Bln

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