Broadcom Ltd. shares rose in the extended session Wednesday after the chipmaker's quarterly results topped Wall Street estimates for the quarter. Broadcom shares rose 3.8% to $222.97 after hours. The company reported adjusted fiscal first-quarter earnings of $3.63 a share on adjusted revenue of $4.15 billion. Analysts surveyed by FactSet had estimated $3.48 a share on revenue of $4.08 billion. Broadcom forecast adjusted second-quarter revenue of $4.1 billion, give or take $75 million, while analysts expect $3.91 billion.
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