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Broadcom Uncertain on Semiconductor Recovery

DATE POSTED:September 13, 2019

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

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