Broadcom forecasts quarterly revenue below estimates
AVGO•Broadcom outlook misses Wall Street estimates
Sept. 2 (Reuters) - Broadcom forecast quarterly revenue below Wall Street estimates on Wednesday, signaling intense competition could hamper gains from its custom processors.
The company expects fourth-quarter revenue of about $34.8 billion, compared with analysts' average estimate of $35.03 billion, according to data compiled by LSEG.
