Broadcom 2Q Earnings Pregame Scorecard

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Last quarter Broadcom (NASDAQ:BRCM) beat estimates by 6 cents per share and it is up again on Tuesday, July 24, 2012.

Expectations

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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.

Stock Movement

The stock fell $2.08 per share between June 22, 2012 and June 25, 2012.

Stock Ratings

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.

Summary

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)