(Reuters) – Broadcom Inc forecast fourth-quarter revenue above Wall Street expectations on Thursday, betting on strong demand for its semiconductors from the adoption of 5G technology and a shift to hybrid work models.
The company forecast current-quarter revenue of about $7.35 billion, compared with analysts’ estimates of $7.23 billion, according to IBES data from Refinitiv.
(Reporting by Eva Mathews in Bengaluru; Editing by Amy Caren Daniel)
