Broadcom Ltd. shares wobbled in the extended session Wednesday after the chipmaker’s quarterly results topped Wall Street estimates. After an initial 1% gain, Broadcom shares slipped 1.1% to $261 after hours. The company reported fiscal fourth-quarter net income of $636 million, or $1.50 a share, compared with a loss of $632 million, or $1.59 a share, in the year-ago period. Adjusted earnings were $4.59 a share. Revenue rose to $4.84 billion from $4.14 billion in the year-ago period. Analysts surveyed by FactSet had estimated earnings of $4.52 a share on revenue of $4.83 billion. For the fiscal first quarter, Broadcom estimates revenue of $5.22 billion to $5.37 billion. Analysts expect revenue of $4.83 billion.
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