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AVGO Stock Falls Despite Broadcom Earnings Beat | Investor s Business Daily
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Broadcom lifts div after record Q4 profit, appoints new president for software ops, new CFO
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Broadcom warns of soft enterprise demand, shares slip
Ian King, Bloomberg News Signage is displayed outside of Broadcom Ltd. headquarters in Irvine, California, U.S., on Monday, Nov. 6, 2017. Broadcom Ltd. and its advisers are gearing up for a proxy battle, making an appeal directly to shareholders, should Qualcomm Inc. reject its $105 billion takeover offer, according to a person with knowledge of the matter. Photographer: Patrick T. Fallon/Bloomberg , Bloomberg
Broadcom Inc., a chipmaker that supplies Apple Inc. and other large electronics makers, warned about soft demand from corporate customers. The shares slipped more than 2 per cent in extended trading.
âWe concluded the year with strong fourth quarter results driven by continued demand for networking from cloud and for broadband from service providers as well as the significant ramp in wireless, even as enterprise demand remained soft,â Chief Executive Officer