Broadcom misses revenue estimates on dull enterprise spending
Yahoo Finance -

(Reuters) -Chipmaker Broadcom forecast annual revenue below Wall Street estimates on Thursday, hurt by weak enterprise spending and stiff competition in the networking chips space. Shares of the San Jose, California-based company, which recently closed its acquisition of cloud computing firm VMware, fell more than 1% in extended trading. In fiscal 2024, the company expects revenue of about $50.0 billion including contribution from VMware.

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