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Broadcom Corporation Message Board

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  • eastcoasttroll eastcoasttroll Jan 25, 2008 11:18 AM Flag

    brcm is dead!,earning 16c not 34c

    Oops. You misunderstand the analyst's estimates, which refer to the "non-GAAP net income per share".

    GAAP net income was $.16, which was three times the 3Q earnings of $.05. (Say: "WOW") Non-GAAP net income per share was $ increase of $.07 over 3rd quarter.

    Incidentally, they recorded record revenue YOY. Don't wet your pants.

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    • Interestingly, Dow Jones newswire reports this misleading synopsis in their "US Stocks to Watch"... Do they think it is appropriate to compare apples to oranges?

      1)BRCM exceeded analysts estimates of $.32! Actual per share: $.34 (non-GAAP earnings)!! Beat by $.02. 6.3% surprise.

      2)BRCM reported GAAP earnings of $.16, a double of YOY!

      3)BRCM reported 4Q $1.027B in revenue. Oops Dow Jones.

      Dow Jones Newswire: <<Broadcom Corp. (BRCM, $23.56, $1.08, 4.80%) reported fourth-quarter net income doubled to $90.3 million, or 16 cents a share, from a year earlier. Revenue reached $1.03 billion from $923.5 million. Analysts had expected 32 cents a share on revenue of $1.02 billion.>>

      So, do not expect the media to do your homework. Do your own DD. Listen to the CC, read the transcript, do the work. Good luck.

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