Broadcom beats Wall Street estimates in the fiscal first quarter.
The U.S. company forecasts roughly £4.68 billion of revenue in Q2. Broadcom shares were under 1% up in extended trading on Thursday. Broadcom Inc. (NASDAQ: AVGO) said on Thursday that its chip sales in the fiscal first quarter fell shy of Wall Street estimates. Software sales, it added, were better than expected in Q1. Broadcom shares, that you can learn to buy online here, were reported less than 1% up in after-hours trading on Thursday. Including the price action, the stock is now exchanging hands at £314.88 per share after recovering from a low of £121 per share in March 2020, when COVI...