Broadcom Hits Resistance As The Street Braces For Solid Earnings
Broadcom (BRCM) is scheduled to report 1Q 2012 earnings after the close of trading on Tuesday, May 1. Results are usually available at 4:05 p.m. EST and will follow with a conference call at 4:45 p.m. EST. Expectations are quite high headed into the release given the company’s exposure to the Apple iPhone. According to iFixit, Broadcom’s Bluetooth and Wi-Fi combo chip are embedded in the popular device, along with a host of other premier smartphones.
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