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General

Broadcom lifts net profit to USD 429 mln in Q3

Tuesday 27 October 2015 | 09:07 CET | News
Broadcom said third quarter revenues reached USD 2.19 billion, up 4.3 percent sequentially and down 3.2 percent from the year before. The net profit rose to USD 429 million or USD 0.69 per share from a 386 million or 0.63 per share in Q2 and 98 million or 0.16 per share the year earlier. The net profit for Q3 included restructuring costs related to Broadcom's decision to exit the mobile baseband business, totaling USD 114 million or USD 0.19 per share, and additional charges for the impairment of purchased intangible assets of USD 200 million or USD 0.33 per share. Broadcom said revenue

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Categories: General
Companies: Broadcom
Countries: World
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