In the previously reported fourth quarter, Broadcom results beat estimates sending the stock up. With all major business segments delivering for the chip giant, adjusted earnings per share soared more than 27% year-over-year, while revenue rose 12%.
Broadcom’s Networking, Enterprise Storage, Wireless and Industrial Products segments witnessed robust demand, driving the top-line higher.
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Back then, CEO Hock Tan said, “Looking forward to fiscal year 2019, we expect another year of double digit revenue growth. Sustained demand within our semiconductor segment will be augmented by the newly acquired mainframe and enterprise software businesses to our infrastructure software segment.”