Broadcom shares fell more than 2% in premarket trading on Thursday despite beating analysts’ expectations for its fiscal third quarter. JPMorgan described the company as a technology infrastructure powerhouse with unmatched scale and technology capabilities in the industry. Guidance for the November-ending period was in-line with Wall Street consensus but possibly below market expectations. For the fiscal fourth quarter, Broadcom forecasts revenue of $34.8 billion, marginally above estimates of $34.7 billion.
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