Broadcom Pays For Minimal Upside & No Guidance
October 23, 2007 by Douglas A. McIntyreBroadcom Corp. (NASDAQ:BRCM) posted $0.27 non-GAAP EPS on revenues of $950 million; unfortunately the company did not issue guidance and shares are being hit for it.
According to First Call, analysts were calling for $0.27 EPS and $929.6 million revenues this quarter and $0.31 EPS and $$991.5 million revenues next quarter.
Shares closed uo 0.8% at $42.06 on the day and its 52-week high is $43.07. Shares are now down 4.5% in after-hours, but we are considering this an open issue until guidance is offered.
Jon C. Ogg
October 23, 2007
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