By Allison Prang

 

Broadcom Inc. is guiding for its second-quarter revenue to be above what Wall Street is expecting.

Broadcom said for the quarter ending May 2, it expects about $6.5 billion in revenue, up 13% from the prior-year period. According to FactSet, analysts are expecting $6.33 billion.

The company is expecting adjusted earnings before interest, taxes, depreciation and amortization to be about 59% of projected revenue, it said.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

March 04, 2021 16:55 ET (21:55 GMT)

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