Broadcom full-year forecast gets a 5G boost

Broadcom forecasts full-year revenue above estimates

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

The company also beat fourth-quarter revenue and profit estimates, boosted by growth in the software business that helps to manage and secure applications across mobile, cloud and mainframe platforms. Semiconductor business will return to year-over-year growth in the second half of the company’s fiscal year, Chief Executive Officer Hock Tan said in a statement.

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