Broadcom Well-Positioned For Growth
Semiconductors: This 'Bargain' Sector Is Up 40% And Headed Much Higher
Broadcom +7.7% on Q3 beat, broadband/wireless growth; Arris +3.3%
By Helix Investment Research : In the long run, over the course of a company's operational life cycle, fundamentals are what drive share prices either higher or lower. But in the short-run, perceptions of fundamentals are often just as important, if not more so. How investors view a given set of
SAN FRANCISCO (Reuters) - Broadcom posted third-quarter results on Tuesday that exceeded Wall Street's expectations as the chipmaker focused on networking and smartphone chips, sending its shares 5 percent higher.
(Corrects fourth paragraph to show non-GAAP earnings in third quarter, not second quarter)
Broadcom (NASDAQ: BRCM ) expects Q4 revenue of $2B-$2.15B vs. $2.11B consensus. Q3 product gross margin was 54.3%, in line with guidance
Broadcom (NASDAQ: BRCM ): Q3 EPS of $0.91 beats by $0.07 . Revenue of $2.26B (+5.6% Y/Y) beats by $80M . Shares +1.96% . Press Release Post your comment!
SAN FRANCISCO, Oct 21 (Reuters) - Broadcom posted higher third-quarter revenue on Tuesday that exceeded Wall Street's expectations as the chipmaker focused on networking and broadband chips.
Broadcom reported strong third-quarter results ..... and narrow moat rating for the firm. Broadcom ’s revenue was $2.26 billion, above the ..... sequentially, which we attribute to Broadcom ’s design win in Apple’s latest iPhones