Broadcom Reports First Quarter 2013 Results
Tuesday, April 23rd, 2013IRVINE, Calif. — Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, today reported unaudited financial results for its first quarter ended March 31, 2013.
Net revenue for the first quarter of 2013 was $2.01 billion. This represents a decrease of 3.6% compared with the $2.08 billion reported for the fourth quarter of 2012 and an increase of 9.7% compared with the $1.83 billion reported for the first quarter of 2012. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the first quarter of 2013 was $191 million, or $.33 per share (diluted), compared with GAAP net income of $251 million, or $.43 per share (diluted), for the fourth quarter of 2012 and GAAP net income of $88 million, or $.15 per share (diluted), for the first quarter of 2012.
Latest News
- Netflix posts first quarter 2024 results and outlook
- Graham Media Group selects Bitmovin Playback
- Dialog, Axiata Group, Bharti Airtel agree on merger in Sri Lanka
- Yahoo brings identity solutions to CTV
- Plex has largest FAST line-up with 1,112 channels
- TV3 migrates from on-prem servers to AWS Cloud with Redge