Broadcom (BRCM) Sees Q412 Sales at High-End of Outlook
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Broadcom Corporation (NASDAQ: BRCM) updated its financial guidance for the fourth quarter of 2012.
The following estimates are based on the current business outlook:
* Net Revenue: Narrowed toward the higher end of the range, or approximately $2.00 to $2.10 billion, due to slightly better-than-expected revenue in our Mobile & Wireless business. The Street is at $2.04 billion.
* Product Gross Margin (GAAP and Non-GAAP): Improved guidance for Q4'12 to up slightly from Q3'12.
* R&D Plus SG&A Expenses (GAAP and Non-GAAP): Improved guidance for Q4'12 to down approximately $5 to $15 million from Q3'12, due to lower-than-expected headcount costs primarily driven by reduced incentive compensation, as well as tighter management of expenses and services.
For further information regarding Broadcom's updated guidance for the fourth quarter of 2012, see the "Updated Guidance for the Three Months Ending December 31, 2012" at the end of this release.
The following estimates are based on the current business outlook:
* Net Revenue: Narrowed toward the higher end of the range, or approximately $2.00 to $2.10 billion, due to slightly better-than-expected revenue in our Mobile & Wireless business. The Street is at $2.04 billion.
* Product Gross Margin (GAAP and Non-GAAP): Improved guidance for Q4'12 to up slightly from Q3'12.
* R&D Plus SG&A Expenses (GAAP and Non-GAAP): Improved guidance for Q4'12 to down approximately $5 to $15 million from Q3'12, due to lower-than-expected headcount costs primarily driven by reduced incentive compensation, as well as tighter management of expenses and services.
For further information regarding Broadcom's updated guidance for the fourth quarter of 2012, see the "Updated Guidance for the Three Months Ending December 31, 2012" at the end of this release.
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