Scalper1 News
Avago Technologies’ (AVGO) $37 billion takeover of Broadcom (BRCM) would create the world’s No. 3 chipmaker by revenue and may trigger a rush of similar-sized deals in the industry. The takeover could also send earnings even higher for the Singapore-based maker of radio-frequency chips. On Thursday, Avago said fiscal Q2 earnings per share leapt 151% to $2.13, as revenue soared 135% to $1.645 billion. Analysts had modeled EPS of $2.01 and $1.635 Scalper1 News
Scalper1 News