Wednesday, December 10, 2014
Broadcom Ups Revenue Guidance, Dividends
Irvine-based Broadcom said Tueday that it is raising its revenue guidance fro the fourth quarter of 2014, saying it now expected revenues of approximately $2.075 to $2.150 billion, and also increased its dividends and stock buyback efforts. According to the company, it is increasing its quarterly dividend by $0.02 per share, and has authorized $1 billion in share buybacks in 2015. Broadcom said the updates came due to strength in the company's core businesses. Broadcom supplies a wide range of semiconductors into the market, and in particular offers up components widely used in smartphones and tablets.