News Formal

Broadcom Expects Its Earnings to Bounce Back

  • 📰 WSJ
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

U.S.-China trade tensions hurt Broadcom in its just-ended financial year, but the chip maker is optimistic about the outlook for semiconductors

Broadcom Inc. promised an earnings recovery in the current financial year after the chip maker posted weaker fourth-quarter figures, dented by the protracted U.S. export ban of some items to Chinese telecom giant Huawei Technologies Co.

Broadcom said per-share earnings fell to $1.97 in the final quarter of the year ended Nov. 3, compared with $2.64 a year earlier. The more closely watched adjusted earnings, which strip out some one-time items, fell 8% to $5.39 a share, in line with expectations from analysts surveyed by FactSet.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Now do intel bribing European computer manufacturers not to buy AMD chips in 2007.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jobless claims, tech earnings, UK election: 3 things to watch for in the markets on ThursdayWe'll get weekly jobless claims, earnings from Oracle, Adobe and Broadcom and the U.K. will hold its general election on Thursday. greatweet 3 things to watch for in the markets on Thursday. The UK will hold is general election on Thursday. hold/held/held😀😀😀 Check it out! kindle KindleUnlimited ingles english
Source: CNBC - 🏆 12. / 72 Read more »