Broadcom's fourth-quarter revenue beats expectations

Reuters
Broadcom Corporation President and Chief Executive Officer Scott McGregor stands in front of the company's logo in Taipei March 18, 2010. REUTERS/Pichi Chuang

SAN FRANCISCO (Reuters) - Broadcom posted higher fourth-quarter revenue on Thursday that exceeded Wall Street's expectations as the company increased its focus on wifi and broadband chips. Broadcom, a leader in connectivity chips with features like Wifi and Bluetooth, reported fourth-quarter revenue of $2.14 billion, up 3.8 percent from the year-ago period. Analysts on average had expected fourth-quarter revenue of $2.11 billion, according to Thomson Reuters I/B/E/S. (Reporting by Noel Randewich; Editing by Meredith Mazzilli)