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Broadcom Uncertain on Semiconductor Recovery

TheMotleyFool

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Broadcom Uncertain on Semiconductor RecoveryPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png

Semiconductor supplier Broadcom (NASDAQ: AVGO) reported its fiscal third-quarter results after the market closed on Sept. 12. Revenue was driven higher by acquisitions, but the semiconductor business remains in a slump that the company doesn't see ending soon. Broadcom maintained its full-year guidance, so it doesn't see demand getting any worse. But there's no telling when a meaningful recovery will take root.

Metric

Q3 2019

Source Fool.com

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