Chipmaker Broadcom reports lower 4th-qtr revenue, but meets expectations

Reuters

SAN FRANCISCO, Jan 30 (Reuters) - Broadcom posted fourth-quarter revenue that was down from a year earlier on Thursday, but the result slightly exceeded analysts' expectations as demand for smartphones shifts to low-end models in China.

The chipmaker reported fourth-quarter revenue of $2.06 billion, down 0.8 percent from the year-ago period. Analysts on average had expected fourth-quarter revenue of $2.020 billion, according to Thomson Reuters I/B/E/S.

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