Broadcom's Third-quarter Revenue Exceeds Expectations
Broadcom posted higher third-quarter revenue on Tuesday that exceeded Wall Street's expectations as the chipmaker focused on networking and broadband chips. According to Thomson Reuters, Broadcom, a leader in connectivity chips with features like Wifi and Bluetooth, reported third-quarter revenue of $2.26 billion, up 5.3 percent from the year-ago period. Analysts on average had expected third-quarter revenue of $2.17 billion.
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