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Investing

Broadcom Earnings Beat Estimates (BRCM, AAPL)

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By Paul Ausick Published
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Semiconductor manufacturer Broadcom Corp. (NASDAQ: BRCM) reported fourth quarter and full year earnings after markets closed today. The company posted adjusted fourth-quarter EPS of $0.68, beating the consensus estimate of $0.65. Revenue totaled $1.82 billion, slightly better than the expected $1.8 billion. The company is a major chip supplier to Apple Inc. (NASDAQ: AAPL).

For the full fiscal year, Broadcom revenues equaled $7.39 billion, beating expectations of $7.37 billion and adjusted EPS came in a $2.89, beating the consensus estimate of $2.87.

The company guided first quarter 2012 revenue at $1.7-$1.8 billion and non-GAAP gross margin “roughly flat” with the fourth quarter’s gross margin of 49.3%. Full year 2011 adjusted gross margin equaled $49.4%.

Apparently Broadcom’s report satisfied investors, who have added 3% to the share price in after -hours trading. Shares are now up at $35.38 in a 52-week range of $27.59-$46.75. Still, a flat year of gross margins is not much to hang one’s hat on.

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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