Last quarter Broadcom (NASDAQ:BRCM) beat estimates by 6 cents per share and it is up again on Tuesday, July 24, 2012.
Analysts currently expect Broadcom to come in with earnings of 43 cents per share on revenues of $1.95 billion. Analyst estimates range from 37 cents per share to 48 cents per share. Over the past three months, the average estimate has moved up from 40 cents.
The stock fell $2.08 per share between June 22, 2012 and June 25, 2012.
Analysts are bullish on the stock as 28 analysts rate it as a buy and only one analyst rate it as a sell. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.
Last Quarter's Results
In the first quarter, profit fell 61.4% to $88 million (15 cents a share) from $228 million (40 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 0.6% to $1.83 billion from $1.82 billion.
Reporting Period: 2Q
Date of Release: Tuesday, July 24, 2012
EPS: 43 cents
Revenue Estimate: $1.95 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)