broadcom inc shares rose in the extended session thursday after the chip and software company’s quarterly results and outlook surpassed wall street’s expectations and its chief executive said demand was “solid” going into the fourth quarter broadcom avgo shares advanced 3 after hours following a 14 decline in the regular session to close at 49201 the san jose califbased company reported fiscal thirdquarter net income of 3 billion or 715 a share compared with 18 billion or 420 a share in the yearago period adjusted earnings which exclude stockbased compensation and other items were 973 a share compared with 696 a share in the yearago quarter revenue rose to 846 billion from 678 billion in the yearago quarter as chip sales surged 32 to 662 billion from the yearago period and infrastructure software sales ticked 5 higher to 184 billion analysts surveyed by factset had expected earnings of 956 a share on revenue of 841 billion based on broadcom’s forecast revenue of about 84 billion back in late may the street also forecast chip sales on average of 657 billion and infrastructure software sales of 183 billion “broadcom’s record thirdquarter results were driven by robust demand across cloud service providers and enterprise” said hock tan broadcom’s president and chief executive in a statement “we expect solid demand across our end markets to continue in the fourth quarter reflecting continued investment by our customers of nextgeneration technologies in data centers broadband and wireless” broadcom forecast revenue of about 89 billion for the fiscal fourth quarter while analysts have estimated revenue of 877 billion in july the company said its software head tom krause is leaving the company in the middle of the 61 billion vmware inc vmw acquisition he helped bring about to go head the private company formed from a combined citrix systems inc ctxs and tibco software broadcom’s earnings were overshadowed last quarter by the announcement of the vmware bid year to date shares of broadcom have fallen 26 in comparison the sp 500 index spx has fallen 17 the techheavy nasdaq composite index comp is down 25 and the phlx semiconductor index sox has dropped more than 33