Broadcom Reports Third Quarter 2011 ResultsTuesday, October 25th, 2011
Broadcom Corporation (NASDAQ: BRCM) today reported unaudited financial results for its third quarter ended September 30, 2011.
Net revenue for the third quarter of 2011 was $1.96 billion. This represents an increase of 8.4% compared with the $1.81 billion reported for the third quarter of 2010. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the third quarter of 2011 was $270 million, or $.48 per share (diluted), compared with GAAP net income of $328 million, or $.60 per share (diluted), for the third quarter of 2010.