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Broadcom Corp. (NASDAQ:BRCM): Current Price: $34.38
The company reported a loss in Q1 due to a heavy tax charge. However, adjusted earnings for the quarter saw improvement resulting from an increase in revenues and margins and it beat analysts’ estimates. The company posted a loss of $21.26 million or $0.05 per share versus a profit of $58.58 million or $0.12 per share during the period the previous year. This includes a non-cash tax charge of $78.2 million or $0.17 per share.
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