Wednesday, December 5, 2012

Broadcom Ticks Up its Financial Guidance for Q4

Broadcom narrowed its financial guidance for the fourth quarter of 2012 toward the higher end of its previously stated range, or approximately $2.00 to $2.10 billion, due to slightly better-than-expected revenue in ots Mobile & Wireless business.

The company said its Product Gross Margins should also be up slightly compared to the previous quarter, while expenses are down approximately $5 to $15 million from Q3 '12, due to lower-than-expected headcount costs.

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