Broadcom Updates Selected Q4 Guidance
Broadcom is broadcasting some encouraging news to its investors. The company this week updated the guidance for its current Q4 2013, saying it now expects $2.00 billion to $2.05 billion in revenue. This is a higher range than the firm's previous projection of $1.92 billion to $2.03 billion.
The upper end of the range, however, is below the $2.15 billion top line Broadcom posted in its Q3.
Meanwhile, the company anticipates lower costs for the current quarter when compared to prior estimates. On a GAAP basis, research and development spending, combined with selling, general, and administrative expenses, should amount to $820 million to $840 million; the previous range was $830 million to $850 million.
Broadcom said the new net revenue figures were due to "better-than-expected revenue in each reportable segment, particularly in Infrastructure & Networking." It also cited "tighter expense management."
The article Broadcom Updates Selected Q4 Guidance originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Broadcom. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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