UPDATE 1-Broadcom's third-quarter revenue outlook misses Street
July 23 (Reuters) - Broadcom Corp forecast third-quarter revenue below expectations, underscoring concerns on Wall Street that smartphone growth might be waning and sending the chipmaker's shares lower.
The chipmaker posted second-quarter revenue of $2.09 billion and net loss of $251 million, or 43 cents a share.
It said third-quarter revenue would be between $2.05 billion and $2.20 billion.
Analysts, on average, expected second-quarter revenue of $2.104 billion and $2.245 billion for the third quarter, which ends in September, according to Thomson Reuters I/B/E/S.
Broadcom shares fell 4 percent in extended trading after closing down 4.27 percent at $31.83.