Broadcom Ticks Up its Financial Guidance for Q4

Broadcom narrowed its financial guidance for the fourth quarter of 2012 toward the higher end of its previously stated range, or approximately $2.00 to $2.10 billion, due to slightly better-than-expected revenue in ots Mobile & Wireless business.

The company said its Product Gross Margins should also be up slightly compared to the previous quarter, while expenses are down approximately $5 to $15 million from Q3 '12, due to lower-than-expected headcount costs.

http://www.broadcom.com