Broadcom (BRCM) Tops Q4 EPS by 3c
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Broadcom (NASDAQ: BRCM) reported Q4 EPS of $0.90, $0.03 better than the analyst estimate of $0.87. Revenue for the quarter came in at $2.14 billion versus the consensus estimate of $2.11 billion.
"Better than anticipated revenue produced operating results above consensus for the quarter, driven by stronger Broadband and Connectivity revenue in the high-end smartphone and broadband access markets," said Scott McGregor, Broadcom's President and Chief Executive Officer. "2014 was a pivotal year where we focused on our core businesses, delivered record revenue and non-GAAP profitability, increased capital return and enhanced corporate governance."
ROADCOM CORPORATION Guidance for the Three Months Ending March 31, 2015 | |
Three Months Ending March 31, 2015 | |
Total net revenue (GAAP) | ~$2.00 billion +/- $75 million |
Gross margin (GAAP) | 52.8% +/- 75 basis points |
Gross margin (Non-GAAP*) | 54.7% +/- 75 basis points |
Research & development and selling, general, and administrative expenses * | Up ~$5 million to ~$25 million from Q4'14 |
* Includes stock-based compensation expense. | |
For earnings history and earnings-related data on Broadcom (BRCM) click here.
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