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Broadcom's third-quarter revenue exceeds expectations


    SAN FRANCISCO (Reuters) - Broadcom posted higher third-quarter revenue on Tuesday that exceeded Wall Street's expectations as the chipmaker focused on networking and broadband chips.

    Broadcom, a leader in connectivity chips with features like Wifi and Bluetooth, reported third-quarter revenue of $2.26 billion, up 5.3 percent from the year-ago period. Analysts on average had expected third-quarter revenue of $2.17 billion, according to Thomson Reuters I/B/E/S.

    (Reporting by Noel Randewich; Editing by Chris Reese)