24.04.2014 23:09:09

Broadcom Q1 Adj. Profit Tops View - Quick Facts

(RTTNews) - Broadcom Corp. (BRCM), a provider of semiconductor solutions for wired and wireless communications, Thursday reported first-quarter net income of $165 million or $0.28 per share compared with $191 million or $0.33 per share in the comparable quarter last year.

Excluding items, adjusted earnings for the quarter were $318 million or $0.51 per share, compared with $400 million or $0.65 per share a year ago.

Revenues for the quarter were $1.98 billion, compared with $2.01 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.46 per share on revenues of $1.96 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the second quarter, the company expects revenues of $2.0 billion to $2.1 billion. Analysts expect revenues of $2.07 billion.

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