Broadcom's Q4'14 Earnings Review: Better Than Expected Performance In Reportable Segments — forbes.com

Leading semiconductor provider for wired and wireless communications, Broadcom reported its Q4 2014 and full year 2014 earnings on January 29. While revenue of $2.14 billion was at the high end of the guided range, the non-GAAP EPS 0f $0.90 for the quarter came in ahead of the consensus estimate. Excluding cellular baseband revenue (which the company exited in June 2014), total reportable segment revenue was down 3% sequentially and up 10% year over year, as the broadband and connectivity as well as the infrastructure businesses performed as per the company’s expectation. For full year 2014, Broadcom delivered record revenues and reportable segment profitability, with combined broadband-connectivity and infrastructure revenue and profit growing 6% and 25%, respectively, compared to 2013.

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