Broadcom shares are ratcheting higher in late trading Thursday after the chip and software company posted better-than-expected results for its fiscal fourth quarter ended Oct. 31, provided strong January-quarter guidance, raised its dividend and announced a new stock-repurchase program.
For the quarter, Broadcom (ticker: AVGO) posted revenue of $7.41 billion, up 15%, and slightly ahead of the Wall Street analyst consensus forecast at $7.36 billion. Non-GAAP profits were $7.81 a share, edging consensus of $7.74 a share. Under…