June 13, 2019
(Reuters) – Broadcom Inc on Thursday reported lower-than-expected quarterly revenue and cautioned of a broad-based slowdown in demand, driven by continued geopolitical uncertainties.
Net revenue rose to $5.52 billion in the second quarter ended May 5, from $5.01 billion a year earlier. Analysts had expected revenue of $5.68 billion, according to IBES data from Refinitiv.
Shares of the company fell 6% in extended trading.
(Reporting by Sayanti Chakraborty in Bengaluru; Editing by James Emmanuel)