Avago Sees ‘Robust’ Wireless Chip Demand, Soars On Q3

By | August 27, 2015

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Avago Technologies (AVGO) gapped up Thursday after the Apple (AAPL) chipmaker late Wednesday smashed Wall Street’s Q3 earnings forecast by a dime. At least two analysts, however, lowered their price targets on Avago stock, though they both maintained their buy ratings. For its fiscal Q3 ended June 30, the company reported record earnings per share ex items of $2.24, up 78% from the year-earlier quarter. The 23 analysts polled by Thomson Reuters Scalper1 News

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