Broadcom: increases targets
(CercleFinance.com) - This Wednesday before Wall Street opened Broadcom announced a tightening of its target income range for Q1.
The US semiconductor specialist now expects revenues of between 5.3 billion and 5.35 billion dollars over the period, against 5.22 billion to 5.37 billion dollars estimated previously.
Adjusted EPS is expected to reach 5.1 dollars, 15 cents higher than the consensus, while sales are expected to reach 5 billion dollars - plus or minus 75 million dollars in Q2. Meanwhile, the consensus expects 4.92 billion dollars.
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