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Credit: Reuters/Pichi Chuang Tue Oct 25, 2011 4:36pm EDT (Reuters) - Broadcom Corp warned that its revenue would likely decline this quarter from the third quarter due to "industry softness." Shares in the maker of chips for products ranging from cellphones to television set-top boxes fell about 4 percent after it forecast fourth quarter revenue of $1.70 billion to $1.8 billion compared with Wall Street expectations for revenue of $2.0 billion according to Thomson Reuters I/B/E/S. "While our outlook reflects potential industry softness, our long-term strategy is to continue to outgrow the overall semiconductor market with product innovations that drive new market growth and value," Chief Executive Scott McGregor said in a statement. Broadcom third quarter revenue rose to $1.957 billion from $1.81 billion a year ago and compared with Wall St expectations for $1.952 billion. Broadcom also forecast fourth quarter gross profit margins flat to slightly down from the third quarter. It reported a third quarter profit of $270 million, or 48 cents per share compared with $328 million, or 60 cents per share in the same quarter the year before. Broadcom shares fell to $34.30 in late trade after closing down 4 percent to $35.80 on Nasdaq. (Reporting by Sinead Carew; editing by Tim Dobbyn, Phil Berlowitz) Technology Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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