Are Your Buying Shares of These Tech Companies After Earnings?
Broadcom Corporation (NASDAQ:BRCM) posted lower net income in the fourth quarter compared with a year-earlier period. Net income for the semiconductor company fell to $254 million (45 cents per share) vs. $266.2 million (47 cents per share) a year earlier. This is a decline of 4.6% from the year earlier quarter. Revenue fell 6.5% to $1.82 billion from the year earlier quarter. BRCM reported adjusted net income of 68 cents per share. By that measure, the company beat the mean estimate of 40 cents per share. Analysts were expecting revenue of $1.8 billion.
“Broadcom delivered solid results in 2011, as we gained significant market share, secured record design wins across our businesses, and delivered record revenue and cash flow from operations,” said Scott McGregor, Broadcom’s President and Chief Executive Officer. “Looking forward, we will remain focused on product innovation and engineering execution that position us to grow faster than the industry.”
Competitors to Watch: QUALCOMM, Inc. (NASDAQ:QCOM), Texas Instruments Inc. (NYSE:TXN), Analog Devices, Inc. (NYSE:ADI), NVIDIA Corporation (NASDAQ:NVDA), Marvell Tech. Group Ltd. (NASDAQ:MRVL), Intel Corporation (NASDAQ:INTC), Entropic Communications, Inc. (NASDAQ:ENTR), PMC-Sierra, Inc. (NASDAQ:PMCS) and Zoran Corporation (NASDAQ:ZRAN).
Unisys Corporation (NYSE:UIS) reported its results for the fourth quarter. Net income for Unisys Corporation fell to $94.3 million ($1.94 per share) vs. $99.2 million ($2.29 per share) a year earlier. This is a decline of 4.9% from the year earlier quarter. Revenue fell 5.7% to $985.3 million from the year earlier quarter. UIS reported adjusted net income of $2.08 per share. By that measure, the company beat the mean estimate of $1.50 per share. It fell short of the average revenue estimate of $1.02 billion.
“We closed 2011 with another quarter of progress toward our financial goals,” said Unisys Chairman and CEO Ed Coleman. “We increased our pretax profit, further reduced debt, and continued to grow both IT outsourcing and systems integration revenue excluding our U.S. Federal business. We were also pleased with strong double-digit services order growth in the quarter.”
Competitors to Watch: Intl. Business Machines Corp. (NYSE:IBM), Red Hat, Inc. (NYSE:RHT), EMC Corporation (NYSE:EMC), Oracle Corporation (NASDAQ:ORCL), Microsoft Corporation (NASDAQ:MSFT), Hewlett-Packard Company (NYSE:HPQ), WidePoint Corporation (AMEX:WYY), Computer Sciences Corp. (NYSE:CSC), SAP AG (NYSE:SAP), and Dell Inc. (NASDAQ:DELL).
To contact the reporter on this story: Derek Hoffman at firstname.lastname@example.org
To contact the editor responsible for this story: Damien Hoffman at email@example.com