Broadcom posts higher quarterly revenue

NEW YORK Tue Jan 29, 2013 4:19pm EST

NEW YORK Jan 29 (Reuters) - Broadcom Corp posted quarterly revenue at the high end of its target range as demand improved for its chips and it announced a 10 percent increase in its dividend.

The maker of chips used in products from television set-top boxes to smartphones, including the Apple Inc iPhone, said on Tuesday reported a profit of $251 million or 43 cents per share, compared with $254 million or 45 cents per share in the year-ago quarter.

Revenue rose to $2.08 billion from $1.82 billion and compared with Wall Street expectations for $2.07 billion according to Thomson Reuters I/B/E/S. On Dec. 5 Broadcom, forecast revenue in a range of $2 billion to $2.1 billion, which was at the high end of its previous guidance range.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.