SINGAPORE (Dec 7): Broadcom reversed back into profitability in 4Q ended Oct as the chipmaker makes a US$105 billion ($142 billion) bid for Qualcomm Inc.
In the latest quarter, Broadcom swung to higher than expected earnings of US$636 million, or US$1.50 a share, compared with a loss of US$632 million, or US$1.59 per share, a year earlier. On an adjusted basis, earnings grew to US$4.59 per share from US$3.47 a year ago.
Revenue jumped 8.5% to $4.84 billion. Analysts had projected adjusted earnings of US$4.52 a share on $4.83 billion in revenue.