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Broadcom confident about revenue forecast
Broadcom narrowed its financial net revenue guidance for the fourth quarter of 2012.
The following estimates are based on the current business outlook:
- Net Revenue: Narrowed toward the higher end of the range, or approximately $2.00 to $2.10 billion, due to slightly better-than-expected revenue in our Mobile & Wireless business.
- Product Gross Margin (GAAP and Non-GAAP): Improved guidance for Q4'12 to up slightly from Q3'12.
- R&D Plus SG&A Expenses (GAAP and Non-GAAP): Improved guidance for Q4'12 to down approximately $5 to $15 million from Q3'12, due to lower-than-expected headcount costs primarily driven by reduced incentive compensation, as well as tighter management of expenses and services.
