Broadcom fiscal Q1 results top estimates on VMware-led surge in software demand

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Investing.com – Broadcom reported Thursday fiscal first-quarter results that topped Wall Street estimates as its growth in its software business was bolstered the acquisition of VMware (NYSE: VMW).

Broadcom Inc (NASDAQ: AVGO) fell more than 3% in after-hours trade following the report.

Broadcom reported adjusted earnings of $10.99 per diluted share on revenue of $11.96B. Analysts polled by Investing.com anticipated EPS of $10.32 on revenue of $11.79B.

Semiconductor solutions, its core…



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