Wireless Chip Growth Fuels Avago Earnings Beat

By | December 5, 2013

Scalper1 News

Major product ramps from cellphone customers helped chip developer Avago Technologies (AVGO) exceed fiscal Q4 earnings expectations, sending its stock to a new high. Avago stock was up 5.5%, near 47, in afternoon trading in the stock market today. Earlier, the stock touched 47.43, exceeding its previous high of 47.21 touched on Oct. 21. Avago stock is up nearly 50% in 2013. Avago develops and sells a broad range of analog chips in three primary Scalper1 News

Scalper1 News