Shares of Broadcom dipped more than 2% in premarket trading on Thursday despite topping analysts’ expectations for its fiscal third quarter.
“Broadcom is a technology infrastructure powerhouse with unmatched scale and technology capabilities in the industry, securing its leadership positions in a diverse set of end markets,” analysts at JPMorgan said, adding that, although guidance for the period ending in November is in line with Wall Street consensus, it was possibly below market expectations. The company
AVGO sees revenue reaching $34.8 billion in the fiscal fourth quarter, marginally higher than estimates of $34.7 billion.
