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.
watch to learn, wall st count stock price base on gaap 16cent, not base non-gaap 34 c, sndk is same that next qur expect non-gaap is 64 cent, but gaap may be 30cent, that is why stock price drop in to 25 dollars