Tag Archives: avgo

Avago Technologies Positioned For Smartphone Growth

Avago Technologies stock hit an all-time high Friday after the chipmaker late Thursday posted better-than-expected earnings driven by wireless performance and smartphone growth in China. Avago Technologies (AVGO) stock hit a high of 72, up 1.7%, early but was near 70.25, down a fraction, in midday trading in the stock market today. Avago revenue rose 25% from the year-earlier quarter to $701 million, and earnings per share minus items rose 39% for

Avago Earnings Growth Accelerates On Smartphone Chips

Avago Technologies reported another quarter of faster earnings growth and guided higher amid strong sales of its radio frequency chips for smartphones, pushing its shares toward new highs late Thursday. Avago (AVGO) revenue rose 25% to $701 million, up 25% from a year earlier and beating the analyst estimate of $678 million for the fiscal second quarter ended May 4. Earnings per share minus items leapt 39% to 85 cents, above the

Avago Technologies Facing High Expectations For Q2

Avago Technologies (AVGO), a maker of radio-frequency chips for Apple and Samsung smartphones, is facing high expectations for its fiscal second-quarter earnings report, due out late Thursday. Singapore-based Avago is trading just off its all-time high of 71.28, reached Tuesday. Avago stock was down 1%, near 70.30, in afternoon trading on the stock market today. Avago stock has rallied ahead of its April-quarter earnings report, indicating that