Broadcom reported revenue of $5.78 billion in the fourth quarter, edging past estimates of $5.73 billion. Global Business and Financial News, Stock Quotes, and Market Data and Analysis."The environment is very, very nervous," he said.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services."We currently see a broad-based slowdown in the demand environment, which we believe is driven by continued geopolitical uncertainties, as well as the effects of export restrictions on one of our largest customers. We want to hear from you.Here are the key numbers for the quarter:At the same time, Tan said the company expects a decline in orders from global device makers, which are working to lower their own inventory levels in the midst of the ongoing U.S.-China trade war.Tan elaborated on the situation on Thursday's conference call with analysts, noting that while last year Broadcom received about $900 million in revenue from Huawei, the issues go beyond the dependency on that one company."Compression of supply chain is what's driving this reduction more than anything else, and it's broad-based," he said. Broadcom Inc. will host a conference call to review its financial results for the fourth quarter of fiscal year 2018, ended November 4, 2018, and to provide guidance for fiscal year 2019, today at 2:00 p.m. Pacific Time. The infrastructure software segment, including contributions from the CA business Broadcom acquired in 2018, had revenue of $1.41 billion, below the $1.37 billion FactSet estimate.Data is a real-time snapshot *Data is delayed at least 15 minutes. Those wishing to access the call should dial (866) 310-8712; International +1 (720) 634-2946. Announces Fourth Quarter and Fiscal Year 2019 Financial Results and Quarterly Dividends December 12, 2019-- Revenue of $5,776 million for the fourth quarter, up 6 percent from the prior year period-- Revenue of $22,597 million for the fiscal year, up 8 percent from the prior year Broadcom's biggest business segment, semiconductor solutions, produced $4.09 billion in revenue, below the $4.18 billion FactSet consensus estimate. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Broadcom reported revenue of $5.78 billion in the fourth quarter, edging past estimates of $5.73 billion.The 17-month long trade war between the United States and China and sanctions on China's Huawei Technologies pressured its core semiconductor business for the past few quarters.For the fourth quarter, Broadcom also beat revenue and profit estimates, boosted by growth in the software business that helps to manage and secure applications across mobile, cloud and mainframe platforms.Apple 5G smartphone ramp will drive year-over-year growth in its wireless business in the second half of 2020, added Chan.Got a confidential news tip? The consensus … Broadcom Inc. Broadcom lowered its guidance for the full 2019 fiscal year, saying it now expects to achieve $22.50 billion in revenue in that period. As a result, our customers are actively reducing their inventory levels, and we are taking a conservative stance for the rest of the year," Broadcom CEO Hock Tan was quoted as saying in Thursday's statement.Broadcom stock has risen 10% since the beginning of 2019.Got a confidential news tip? Excluding items, the company reported a profit of $5.39 per share, topping expectation of $5.35.Get this delivered to your inbox, and more info about our products and services.The semiconductor business will return to year-over-year growth in the second half of the company's fiscal year, Chief Executive Officer Hock Tan said in a statement.Broadcom, on a post-earnings call, said that Symantec's enterprise security unit, its latest $10.7 billion acquisition, is expected to contribute about $1.8 billion next year.Data is a real-time snapshot *Data is delayed at least 15 minutes. Financial Results Conference Call. We want to hear from you.Fellow Apple supplier Qualcomm Inc forecast sales of 200 million 5G smartphones next year, which Wall Street analysts say includes 5G phones from Apple.The 2020 guidance was actually a little light on the Street as revenue from Symantec was expected to be about $2 billion, said Christopher Rolland, an analyst with Susquehanna Financial Group.Shares of Broadcom initially rose aftermarket on better-than-expected 2020 revenue forecast boosted by upcoming 5G adoption.The outlook pointed to a weaker-than-expected wireless business, said Kinngai Chan, an analyst with Summit Insights Group.Brokerage BofA Global Research on Wednesday predicted that Apple 5G phones could make up nearly one-third of the global market for 5G smartphones in the next three years.Sign up for free newsletters and get more CNBC delivered to your inboxThe company raised its target dividend by 23% to $3.25 per share per quarter for the fiscal year 2020.He added that $25 billion is not a very strong outlook with its semiconductor business expected to grow at about 4% year-over-year to about $18 billion.The company expects 2020 full-year revenue to be about $25 billion, plus or minus $500 million, beating analysts' estimate of $23.79 billion, according to IBES data from Refinitiv.
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