RTTNews | Sep 2, 2021 04:20PM EDT

16:19 Thursday, September 2, 2021 (RTTNews.com) - Broadcom Limited (AVGO) revealed a profit for its third quarter that advanced from the same period last year.

The company's profit came in at $1.80 billion, or $4.20 per share. This compares with $0.61 billion, or $1.45 per share, in last year's third quarter.

Excluding items, Broadcom Limited reported adjusted earnings of $3.12 billion or $6.96 per share for the period.

Analysts had expected the company to earn $6.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.5% to $6.78 billion from $5.82 billion last year.

Broadcom Limited earnings at a glance:

-Earnings (Q3): $3.12 Bln. vs. $2.44 Bln. last year.-EPS (Q3): $6.96 vs. $5.40 last year.-Analysts Estimate: $6.88-Revenue (Q3): $6.78 Bln vs. $5.82 Bln last year.

-Guidance:Next quarter revenue guidance: $7.35 Bln

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