Broadcom sees revenue below estimates on weak enterprise spending

Shares of Broadcom, which recently closed its acquisition of VMware, fell more than 1% in extended trading

Broadcom's original goal was to improve VMware's EBITDA contribution to $8.5bn (€7.88bn) within three years of closing.

Chipmaker Broadcom forecast annual revenue below Wall Street estimates on Thursday, as weak enterprise spending and stiff competition cast a shadow on its acquisition of VMware.

Shares of San Jose, California-based Broadcom, which recently closed its acquisition of the cloud computing firm, fell more than 1% in extended trading.