Broadcom (BRCM) Tops Q3 EPS by 7c, Offers Q4 Guidance

Broadcom (NASDAQ: BRCM) reported Q3 EPS of $0.91, $0.07 better than the analyst estimate of $0.84. Revenue for the quarter came in at $2.26 billion versus the consensus estimate of $2.18 billion.

Broadcom sees Q4 2014 revenue of $2-2.15 billion, versus the consensus of $2.11 billion.

BROADCOM CORPORATION

Guidance for the Three Months Ending December 31, 2014

Three Months Ending

December 31, 2014

Total net revenue (GAAP)

~$2.00 billion to ~$2.15 billion

Product gross margin (GAAP)

53% +/- 75 basis points

Product gross margin (Non-GAAP)

55% +/- 75 basis points

Research & development and selling, general, and administrative expenses (GAAP)

Down ~$50 million to ~$70 million from Q3'14

Research & development and selling, general, and administrative expenses (Non-GAAP)

Down ~$40 million to ~$60 million from Q3'14

For earnings history and earnings-related data on Broadcom (BRCM) click here.

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