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BRCM Post-ER Charts
38.20 +3.29 (9.42%)
Broadcom Corporation (BRCM) generated revenues of $1.796 billion in the second quarter of 2011, up 12% year over year but down 1% sequentially and slightly missed the Zacks Consensus Estimate of $1.806 billion.
In terms of end-markets, the Broadband Communications segment was up slightly less than expected, principally due to weakness in consumer electronics and some continued inventory issues in set-top box. The Mobile & Wireless segment was down as anticipated due to some softness at a number of key customers. The Infrastructure and Networking segment was roughly flat as expected.
On a product basis, product revenue grew 13.0% year over year to $1.74 billion. Income from the Qualcomm (QCOM) agreement was $51.7 million. License revenues declined 57% year over year to $3.0 million.
38.20 +3.29 (9.42%)
Broadcom Corporation (BRCM) generated revenues of $1.796 billion in the second quarter of 2011, up 12% year over year but down 1% sequentially and slightly missed the Zacks Consensus Estimate of $1.806 billion.
In terms of end-markets, the Broadband Communications segment was up slightly less than expected, principally due to weakness in consumer electronics and some continued inventory issues in set-top box. The Mobile & Wireless segment was down as anticipated due to some softness at a number of key customers. The Infrastructure and Networking segment was roughly flat as expected.
On a product basis, product revenue grew 13.0% year over year to $1.74 billion. Income from the Qualcomm (QCOM) agreement was $51.7 million. License revenues declined 57% year over year to $3.0 million.
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