Broadcom forecasts quarterly revenue below estimates
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- Broadcom forecast fourth-quarter revenue of about $34.8 billion, below analysts' average estimate of $35.03 billion.
- The forecast signals that intense competition may limit gains from the chipmaker's custom processors.
Broadcom forecast fourth-quarter revenue below Wall Street expectations, signaling that competition could weigh on growth from its custom processors.
The company expects revenue of about $34.8 billion, compared with analysts' average estimate of $35.03 billion, according to LSEG data.
About this summary
Originally published by CNA. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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