Hey FredE,..Re:.BRCM earnings
0.23 actual, don't know what the estimate was.<g> Didn't copy the whole report but there is enough.<g>
Avg. estimate per Yahoo was 0.21/share.
Business Wire BROADCOM CORPORATION REPORTS RECORD THIRD QUARTER REVENUE AND PROFIT BUSINESS EDITORS IRVINE, CALIF.--(BUSINESS WIRE)--OCT. 14, 1999--BROADCOM CORPORATION (NASDAQ: BRCM) TODAY REPORTED RECORD
IRVINE, Calif.--(BUSINESS WIRE)--Oct. 14, 1999--Broadcom
Corporation (Nasdaq: BRCM.O) today reported record financial results for
the quarter ended September 30, 1999.
Revenue for the third quarter of 1999 was $138.4 million, an
increase of 149% over the $55.5 million reported in the third quarter
of 1998. Net income was $27.2 million, compared with net income of
$5.2 million in the third quarter of 1998, an increase of 426%.
Diluted earnings per share for the third quarter of 1999 were
$.26, before a one-time charge for acquisition expenses of $4.1
million pre-tax, or $.03 per share. Including this charge, earnings
per share for the quarter were $.23, based on 117.3 million weighted
average shares outstanding. This compares with diluted earnings of
$.05 per share on 105.9 million weighted average shares outstanding
for the same period in 1998. Included in the earnings per share is the
benefit the company has realized from a more favorable estimated
income tax rate of 30.6%, down from the rate of 35% that had been
accrued in prior quarters.
On August 31, 1999, Broadcom completed the acquisition of HotHaus
Technologies Inc. and AltoCom, Inc. Each of these transactions was
accounted for as a pooling of interests, and therefore the financial
results of both companies are consolidated with Broadcom's for this
reporting period and for all prior reporting periods referenced in
this news release.
Cheers,
Lee |
