Apple Supplier Avago Smashes Sales, Earnings Records

By | December 2, 2015

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Avago Technologies (AVGO) stock jumped late Wednesday after the Apple (AAPL) supplier reported fiscal Q4 and full-year 2015 earnings that topped Wall Street, with 2015 EPS jumping 83% from fiscal 2014. Wireless sales growth helped pushed fiscal 2015 revenue to a record, CEO Hock Tan said in the company’s press release. Avago stock was up nearly 8% in after-hours trading, after the company released its earnings. Apple and fellow Apple suppliers NXP Scalper1 News

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