Broadcom's full-year forecast fails to impress Wall Street, shares down
FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake
- Broadcom Inc forecast full-year 2020 revenue above Wall Street estimates on Thursday, as the company expects strong demand for its chips from rising 5G adoption. The company expects full-year revenue to be about $25 billion, plus or minus $500 million, beating analysts’ estimate of $23.79 billion, according to IBES data from Refinitiv.
Net income attributable to common stock fell to $818 million, or $1.97 per share, in the fourth quarter ended Nov. 3, from $1.12 billion, or $2.64 per share, a year earlier.Reporting by Ayanti Bera in Bengaluru
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Millie Bobby Brown Meets ‘Idol’ at the WWD Beauty Inc AwardsMillie Bobby Brown, Michelle Pfeiffer, Paris Hilton and other notable beauty entrepreneurs were in the audience for the 2019 WWD Beauty Inc Awards.
Leer más »
Broadcom full-year forecast gets a 5G boostBroadcom Inc forecast full-year 2020 revenue above Wall Street estimates on Thur...
Leer más »
GameStop cuts full-year profit forecast, shares slump 21%GameStop Corp reported a plunge in quarterly sales and slashed its full-year pro...
Leer más »
Airlines Cautiously Optimistic For 2020 As U.S.-China Trade War Bites Into GrowthThe airline industry group IATA lowered its estimate for revenue growth this year from 5% to 4.2% due to the impact of the trade war on economic growth and business confidence.
Leer más »
Costco quarterly revenue misses estimates on weak e-commerce growthCostco Wholesale Corp reported lower-than-expected quarterly revenue on Thursday...
Leer más »
Lululemon earnings beat estimates, but shares fall on weaker-than-expected outlookLululemon on Wednesday reported quarterly earnings and sales that topped analysts' estimates, as more shoppers around the world picked up its yoga pants and sports bras.
Leer más »