Avago Beats Q2 Earnings Views, Confirms Broadcom Deal

By | May 28, 2015

Scalper1 News

Avago Technologies’ (AVGO) fiscal second-quarter earnings topped Wall Street estimates, and the Apple (AAPL) chip supplier also confirmed a $37 billion acquisition deal for Broadcom (BRCM) . The radio-frequency chipmaker’s Q2 earnings per share soared 151% to $2.13, topping analysts’ forecasts by 12 cents and representing an eighth straight quarter of acceleration. Net revenue from continuing operations jumped 135% to $1.645 billion, above the Scalper1 News

Scalper1 News