Is a Beat in the Cards for Broadcom (AVGO) in Q4 Earnings?
#Broadcom Limited AVGO is set to release fourth-quarter fiscal 2017 results on Dec 4. The company is benefiting from strong demand for Wi-Fi chips and radio frequency solutions from smartphone original equipment manufacturers (OEMs). Moreover, rapid adoption of connectivity-related products in #InternetofThings ( #IoT s) appliances and automobiles is a growth driver in the soon-to-be-reported quarter. @Broadcom ‘s extensive product portfolio serves multiple applications within four primary end markets – wired infrastructure, wireless communications, enterprise storage and industrial & others. The company’s focus on multiple target markets and geographies mitigates operating risks and lessens exposure to volatility in any single market. Notably, the company beat the Zacks Consensus Estimate in all of the trailing four quarters, with an average positive surprise of 4.79%. Last quarter, the company delivered a positive earnings surprise of 1.74%.