Broadcom names Kirsten Spears CFO

FILE PHOTO: A sign to the campus offices of chipmaker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake/File Photo

(Reuters) -Broadcom Inc on Thursday appointed its principal accounting officer, Kirsten Spears, as chief financial officer, effective immediately.

The company also forecast current-quarter revenue above Wall Street estimates, signaling higher demand from its key client Apple Inc, which is doubling down on 5G devices.

Broadcom expects first-quarter revenue to be about $6.6 billion. Analysts on average were expecting $6.52 billion, according to IBES data from Refinitiv.

Reporting by Munsif Vengattil in Bengaluru and Stephen Nellis in San Francisco; Editing by Shinjini Ganguli and Anil D’Silva

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source: reuters.com


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