Flash: Broadcom prelim $0.72 vs $0.63 Capital IQ Consensus Estimate; revs $1.8 bln vs $1.80 bln Capital IQ Consensus Estimate

Broadcom beats by $0.09, reports revs in-line (34.91 -0.56)
Reports Q2 (Jun) earnings of $0.72 per share, $0.09 better than the Capital IQ Consensus Estimate of $0.63; revenues rose 12.5% year/year to $1.8 bln vs the $1.8 bln consensus. Product gross margin was 51.1%. Co states, “Looking forward, we see strong demand for our communications solutions, reinforcing that innovation is driving customer demand. We expect solid growth in revenue and profitability in Q3.”