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Wedbush's Betsy Van Hees slashes estimates on Broadcom (BRCM -0.4%) ahead of tomorrow's Q3...

Wedbush's Betsy Van Hees slashes estimates on Broadcom (BRCM -0.4%) ahead of tomorrow's Q3 report, and predicts its Q4 guidance will fall short of consensus. While admitting Broadcom's strong exposure to Apple and Samsung, Van Hees expects macro issues, inventory draw-downs, and limited visibility to hurt guidance. Several chip industry companies have already provided weak earnings figures (I, II, III) this month. Broadcom, like other chip stocks, has sold off a bit in recent weeks.
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