BRCM

Broadcom’s Outlook Falls Short

by

Telecom equipment maker Broadcom (click ticker for report: ) announced relatively decent second quarter results Tuesday afternoon, but its outlook left much to be desired. Revenue increased 6% year-over-year to $2.09 billion, slightly below consensus estimates. Earnings, excluding a sizeable impairment attributable to its NetLogic acquisition, grew 8% year-over-year to $0.70 per share, modestly exceeding consensus expectations. Free cash flow was decent at $267 million, or 13% of revenue. Broadcom acquired NetLogic for $3.7 billion in 2012, and as is often the case with acquisitions, it turns out Broadcom paid too much. NetLogic products help improve network performance for 3G and 4G devices, and at the time of the acquisition, Broadcom paid a 57% premium to acquire the firm. After … Read more

Dividend Increases/Decreases for the Week Ending January 31

by

Below we provide a list of firms that raised their dividends during the week ending January 31. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week 1st Constitution Bancorp (FCCY): now $0.09 per share quarterly dividend, was $0.075. Alaska Air (ALK): now $0.375 per share quarterly dividend, was $0.350. ALLETE (ALE): now $0.6175 per share quarterly dividend, was $0.5875. AmerisourceBergen (ABC): now $0.42 per share quarterly dividend, was $0.40. Anthem (ANTM): now $0.95 per share quarterly dividend, was $0.80. Apartment Investment (AIV): now $0.41 per share quarterly dividend, was $0.39. Apollo Global … Read more