Scalper1 News
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 Scalper1 News
Scalper1 News