Irvine Chipmaker Broadcom Corp. gave investors something to chew on,a 30% rise in third-quarter sales to $903 million,but didn’t release profits or other numbers amid the company’s ongoing look into stock options.
Analysts had expected sales of $900 million for the quarter. They forecast about $157 million in profits.
“We continue to experience strong design win momentum,” Chief Executive Scott McGregor said.
This is the second quarter in a row Broadcom has released only partial results.
For the second quarter, the company said sales rose 56% to $941 million, just below expectations. There was no word on profits.
In July, Broadcom said it was likely to restate more than five years of earnings to account for the timing of stock options, which the company started looking into in May.
Last month, the company said it expects the cost of its restatement to top $1.5 billion, twice as much as first thought in July.
Broadcom didn’t say when full results for the past two quarters might be out. It said it expects to miss a Securities and Exchange Commission deadline for the third quarter, as it did in the second quarter.
