Broadcom (NASDAQ:BRCM) is above $40 after soundly beating Q3 estimates and providing better-than-feared Q4 guidance. On its CC (transcript), the company noted its Q3 beat was fueled by 16% Q/Q growth for its broadband/wireless connectivity chip reporting segment (67% of revenue).
Wireless connectivity sales almost certainly got a lift (given Apple's numbers) from strong iPhone-related orders. The iPhone 6/6 Plus sport a Broadcom combo chip containing an 802.11ac Wi-Fi radio; 802.11ac parts carry higher ASPs than chips sporting 802.11n Wi-Fi radios (such as the one in the iPhone 5S).
Broadband connectivity sales benefited from strong HD set-top IC sales (aided by share gains) for emerging markets designs. That appears to be giving a lift to set-top vendor/Broadcom client Arris (NASDAQ:ARRS) ahead of its Oct. 29 Q3 report.
The networking/infrastructure chip segment's sales were roughly flat Q/Q at $651M, in-line with expectations. Data center and carrier-related sales both fell - soft telecom capex has taken a toll on many firms - and enterprise and home product sales rose. "Some pickup" is expected in carrier-related sales next year.
During the Q&A, CEO Scott McGregor hinted Broadcom could announce new capital return plans during its Dec. 9 analyst day, given it now has over $2.7B in U.S. cash. $277M was spent on buybacks in Q3.
3D Systems (NYSE:DDD) expects Q3 revenue of $164M-$169M and EPS of $0.16-$0.19, below a consensus of $186M and $0.21. Full-year guidance is now for revenue of $650M-$690M and EPS of $0.70-$0.80, mostly below a consensus of $707.6M and $0.78.
Gross margin is expected to be flat Q/Q, as higher materials and Quickparts margins are offset by volume and mix changes, as well as manufacturing start-up costs. GM fell 370 bps Q/Q in Q2.
The company blames the Q3 outlook on manufacturing constraints for direct metal printers, and the delayed availability of new consumer products. CEO Avi Reichenthal: "While we worked very hard to deliver these products sooner, achieving manufacturing scale, quality and user experience targets took significantly longer than we had anticipated."
Stratasys (SSYS -2.6%), Voxeljet (VJET -2.4%), and Camtek (CAMT -2.1%) are also trading lower. 3D's warning comes three months after the company tumbled on account of a Q2 miss. A slew of analysts have been making the case Stratasys is a better 3D printing play.
In addition to missing Q3 revenue estimates (while posting in-line EPS), Datalink (NASDAQ:DTLK) has guided for Q4 revenue of $165M-$175M and EPS of $0.27-$0.32, below a consensus of $181.4M and $0.33.
The guidance doesn't take into account Datalink's recent deal to acquire IT services firm Bear Systems, which had 2013 revenue of $130M.
On the CC (transcript), Datalink blamed its Q3 sales miss on "a shortfall in our lower margin networking and server orders." It suggested delayed deal closings for Cisco projects hurt networking sales.
Narberth's Royal Bancshares of Pennsylvania (NASDAQ:RBPAA) earns $1.4M or $0.05 per share in Q3 vs. income of $342K one year ago. For the year's first nine months, income of $4.3M compares to a loss of $343K in the year ago period.
Net interest income of $5.568M up 10% Y/Y, with NIM of 3.25% up 31 basis points. Average interest-earning assets slipped $5.9M from a year ago, but the average yield increased 17 bps.
NPLs of $10.8M down from $13.5M a year ago. The NPL ratio falls to 2.7% from 3.6%.
Amid improvement in credit quality, a credit is recorded for loan and leases of $51K compared to a charge of $218K taken a year ago.
Other real estate owned (OREO) expenses and impairment fell $690K, or 82%.
Angie's List (NASDAQ:ANGI) expects Q4 revenue of $80M-$82M, below a consensus of $84.15M .
Marketing cost per paid membership acquisition fell 16% Y/Y to $64. Q4 marketing spend is expected to be approximately $5M.
Total paid memberships +5% Q/Q and +25% Y/Y to 2.98M. Gross member adds -6% Y/Y to 350K. The Average member renewal rate was 77% vs. 78% last year, and total service provider contract value rose 30% to $236.3M.
Ad. revenue rose 33% Y/Y to $56M, and membership revenue 7% to $18.3M. Those figures compare with Q2 growth rates of 37% and 16%.