Broadcom Forecasts Sales That Top Estimates; Stock Gains

Broadcom Forecasts Sales That Top Estimates; Stock Gains

Bloomberg, By Ian King | June 2nd, 2016 (Read article)

Broadcom Ltd., which led a wave of consolidation last year to become one of the world’s top-10 chipmakers, predicted fiscal third-quarter sales that may beat analysts’ estimates on stronger demand for parts for mobile phones and networking.

Revenue will be $3.75 billion, plus or minus $75 million, in the period ending July 31, the Singapore-based company said Thursday in a statement. That compares with an average analyst estimate of $3.7 billion. Fiscal second-quarter revenue also topped analysts’ estimates

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2018-06-20T03:49:44+00:00